"In many ways, the decline of Macy's, as well as the pulverization of the stock of discount chain Kohl's after a terrible quarter and guidance today, is like what happened to the newspaper industry and the book store space," he said. Cramer explained that ‘both Macy's and Kohl's saw the Internet…
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Jim Cramer
James J. "Jim" Cramer (born February 10, 1955) is an American television personality, former hedge fund manager, and best-selling author. Cramer is the host of CNBC's Mad Money and a co-founder of TheStreet, Inc. 2Early life On February 10, 1955, Cramer was born in Wyndmoor, Pennsylvania, a suburb of Philadelphia. Cramer was born to Jewish parents. Cramer's mother, Louise A. Cramer, was an artist. Cramer's father, N. Ken Cramer, owned International Packaging Products in Philadelphia, which sold wrapping paper, boxes and bags to retailers and restaurants. One of his first jobs was selling ice cream at Veterans Stadium during Philadelphia Phillies games. Cramer went to Springfield Township High School in Montgomery County. He lives in Summit, New Jersey. 2Education In 1977, Cramer graduated magna cum laude from Harvard College with a B.A. in governmen