I predict: Seer sears Sears.
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 ...
I agree. I was actually talking about this stuff at work about 2 weeks ago.
I mentioned how we used to get everything at sears except for food.
Camping hunting fishibg tools clothes kitchen appliances washers dryers....you could get your home auto and life insurance in their stores (allstate did the home and auto) and even music lessons and of course family pictures.
Now the only things left wirth shopping Sears for are being sold off.
This is an act of desperation, what farmers used to call “eating the seed corn.” It will keep you alive but come spring, you’ll have nothing to plant.
Sears should have sold off everything BUT Craftsman.
-—In the last 10 years Black and Decker has gone to sh!t. I won’t buy anything by that Brand, -—
Yup...any guy half way serious about his power tools walks right past their stuff...
DeWalt, Porter Cable, and Delta too.
Once they hit the B&D portfolio they turned to crap too.
A friend of mine was thrown off a ladder, about 8 feet when he was chain sawing a tree limb in his yard and it kicked back. Had to have some braces put in his neck....................
I've never had a problem with Stanley tools and I work in construction.
I love my Dewalt power tools. As well as my Bostich nailers. We use Proto tools a lot on the job. Seem Okay.
Lots of mechanics use Mac tools without much complaint.
Tim Allen will be deeply saddened.
They need to divest while they can.
Might as well sell everything off and close up shop.
Their old stuff still is awesome, and still runs perfectly.
I buy it whenever I’m at a garage sale.
It seems like most tool brands are becoming to cheap and too “over engineered”. Like why do I need an app to tell how much juice my cordless screwdriver has?
If all these brands are crap, are any quality brands left? And if so, their names please.
Our store in Grand Rapids, Mi is closing after being there since 1968.
I haven’t been in there since the 90s myself.
At one time they carried everything and had a burgeoning catalog operation. They should have owned the internet. All the Internet is is an electric catalog. They still can't get their website and on line distribution correct. to allow upstarts like Walmart at first then Target & Kohl's to eat into their market share just shows a stupidity of management.
Their management is so terrible they missed every opportunity to remain successful. It is almost as if they where trying to destroy the company.
Yup. I looked and this is a stock that before the Soros/Obama Depression was at 140 a share.
At the end of 08 when Obama was elected, it was at 26.
During the Obama “Recovery and Depression” it has been as low as 8 excepting the one spike to 88 in early 2010.
This past year it has been in a steady fall from 17 down to 8. Its minor moves now are the death rattles of a sell off.
I think we call this the “winding-down” process.
I predict: Seer sears Sears.
After my incident and when I used the Maxx on something I wasn’t totally sure about, I’d use a handheld metal detector to be sure. That’s like getting kicked by a mule.
Not crazy, just the result of a common confusion, which is, by the way, destroying the nation.
There is the economy, where people, mostly men, invent things, extract resources, build stuff, make stuff, sell the stuff they make to shoppers who need stuff, and so on. Craftsman tools are a paradigm of the operation of the economy. The economy is doing well when everybody has a job doing things that everybody else benefits from or finds useful. You may have noticed that the economy has been shit for fifty years or so.
Then there is the "economy". Unlike the economy, the "economy" involves moving papers around, devising new and ingenious ways to issue simulated money and profit thereby, devising novel ways to distribute useless things that cost people hard-earned money, stimulate degeneracy and perversion, and in general deconstruct almost everything that is of value to people. The "economy" is booming.
So, in the case of Sears, their cash position is improved by stopping doing the only remaining thing of value they do. Perhaps they will use the money to invest in a cable channel.
I’ve never understood the fact that companies make right angle drills, but NOT ONE makes a left angle drill. Like everyone else, I’ve figured out how to turn the right angle drill around and use it, but I’ve always been told and tell others, to use the proper tool for the job.
I liked Klien and Milwaukee brands when I did contruction work. But that was years ago.
They were stupid years ago. No company by its history was better positioned for direct home sales in the internet era than Sears. For decades they dominated catalog sales, you could buy almost anything from them. (much like Amazon today)
At some point they decided that they were a retail store company instead. Which began the decline as they couldn’t compete with either Walmart or high end department stores. They, despite their history were late to the internet and incompetently executed their limited internet presence.
Kmart bought them out, and installed thier own brand of stupid on top. Now I just wonder how long until this corpse of a company dies.
It is sad, both from a personal memory perspective and from the sheer wasted opportunity.
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