Posted on 01/05/2017 8:00:47 AM PST by Leaning Right
Sears Holdings will sell its Craftsman tool brand to Stanley Black & Decker for about $900 million, the companies announced Thursday.
The deal will provide another cash infusion for Sears, but it comes at a cost — broadening distribution of the well-known brand gives consumers one less reason to choose to shop at the struggling Hoffman Estates-based retailer.
(Excerpt) Read more at chicagotribune.com ...
That ends Sears. Not kidding. That and Kenmore are their two primary brands. One gone, the other struggling.
Sears is just stupid.
>>At one time, the brand name Black & Decker meant something. Now it means nothing. I suppose Craftsman will go that same route.<<
The article is right — what does “Sears” even mean? This is the day that future financial people will say “Sears” began to cease to exist.
I predict it won’t make it through Summer.
I no longer buy anything B&D. Haven’t in many years. Junk products overall. There are far too many other brands that make competitively priced good products.
That’s the end of Sears.
Craftsman tools were the only reason I went there.
I agree. I still have a commercial Black Maxx Right Angle drill that has more than off torque to throw you off a ladder if you hit a nail or something.
I was wiring a house once where there was a flitch plate sandwiched between two 2X12s and it caught the edge of the flitch plate. It threw me off the ladder about 10 ft away.
I still have it. I consider it the best right angle heavy borer ever made.
What they have done is the equivalent of selling a kidney to make the mortgage payment.
Black and Decker has become the classic low-end tool brand, lowest quality and cheapest price.
Sears is closing two stores in the Tri Cities area. The one in Bristol was in the Bristol mall that was nearly vacant.
The one in Kingsport must be doing poorly. The K Mart is apparently alive but when I drive past, there aren’t many customers.
I agree. So I checked Sear's stock price to see what kind of hit it's taking today. The stock is UP around 6% as of my post. Crazy.
No, they’re selling the fixtures and stripping the wiring before the sheriff serves them with an eviction notice prior to foreclosure auction.
The ate their seed corn......................
All made in China now anyways. At this point, might as well buy the Husky or Kobalt store-brand tools you find yourself needing at Home Depot or Lowe's instead of driving out of the way to Sears.
Shame, too. Sears was an American institution ran into the ground by inept top-level management.
I hate it when that happens....................
In the last 10 years Black and Decker has gone to sh!t. I won’t buy anything by that Brand, so now Craftsman will be destroyed too.
“At one time, the brand name Black & Decker meant something. Now it means nothing. I suppose Craftsman will go that same route.”
Stanley, Black & Decker and Craftsman used to ALL be quality brands, now they are just purchased names for Chinese crap.
Also in another post someone mentions Kenmore. Kenmore is just another name for Whirlpool-Maytag, etc. Go look up a part for a Kenmore washing machine, and you will find that it fits five or six other “brands” you probably thought were independent, but are all essentially the same machines with different labels built by one company.
It really hurt....
I think that this was because of the short term chance to get 50 cents on the dollar instead of 30.
Doesn’t Harbor Freight get that description?
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