The STC system in a nutshell.
So, about yesterday’s episode of MLP…
What the fuck were they drinking when they came up with that one?
Finally got around to playing that Angry Video Game Nerd Adventures game that’s been floating around on Steam. All I can say is that I’m glad I had the opportunity to try it before buying it. Honestly? I’m not sure which is more depressing: that the people who made it are basically charging for a not-at-all glorified Flash game, or that people are willing to pay for the damn thing.
Well, at least the news ain’t all bad. AVGN Adventures does have one redeeming feature.
I ran into somebody I used to work with at Kitchen Collection the other day, and he brought me up to speed on how things have been since they laid us all off. Apparently Kitchen Collection is up to 62 store closings nationwide, and their insurance carriers have all jumped ship on them. I hate to see that happen to a company that got its start right here in my hometown, but the writing’s been on the wall for years now.
Y’see, Kitchen Collection started some decades ago as one man who made his business by buying up all the factory rejects from the old WearEver plant here in town. He’d hammer out dents, polish out scratches, and cannibalize the stuff that was beyond repair…then he’d turn around and sell this stuff to the working class at a hefty discount. It was a solid business practice, and the dude was on his way to making a small fortune — at least until the big fish got jealous, and seized the company through dirty politics.
At some point along the line, Kitchen Collection’s new owners decided that they could make more money by selling proper (read: overpriced) merchandise to the middle class. That business choice made them a lot of money in the short term — especially during the Clinton years — but the economic downturn that followed the rise of neo-conservativism resulted in Kitchen Collection’s market largely evaporating over the next few years.
Rather than resume marketing products toward us peasants, Kitchen Collection’s management kept their foot on the gas and drove the company right off a financial cliff. They bought out Le Gourmet Chef (a company that basically sells the same stuff to the same people) in an attempt to reduce competition. They reduced the number of full-time stores and replaced many of them with seasonal stores that were only open during fourth quarter. Management continued to take millions in bonuses even as the ledgers sank closer and closer to the red line.
And now they’re going bankrupt.
So do you see the moral of the story here, kids? Don’t bet your business against the working class; you’ll lose your shirt every time.