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Sears names dozens of the 72 stores it plans to close in the near future
CNBC ^ | 05/31/2018 | Lauren Thomas | Christina Cheddar Berk

Posted on 05/31/2018 2:19:02 PM PDT by Red Badger

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To: Red Badger
Craftsman tools are now an Ace Hardware property....................

Apparently Lowes, also.

I've noticed a bunch of new displays in my local Lowes for tool boxes, cabinets, roll-arounds and tool sets.

61 posted on 05/31/2018 6:15:50 PM PDT by OldSmaj (The only thing washed on a filthy liberal is their damned brains.)
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To: publius911
If Sears were to revive their turn of the 20th Century catalog prefab houses, the Victorian designs untouched, except for the updating to allow for modern kitchen appliances, plumbing and electrical wiring, they would make a mint.

Victorians, etc

62 posted on 05/31/2018 6:20:30 PM PDT by publius911
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To: Red Badger

I miss Craftsman’s lifetime replacement policy. I broke a
$15 craftsman steel tape measure twice a year for 15 years and got a free replacement each time.


63 posted on 05/31/2018 6:22:29 PM PDT by Rebelbase
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To: null and void
Then some MBA decided that could cut expenses and raise prices.

Not at all the Sears story. The Brenn and Brothers ran Monky Wards and Sears into the ground in the 80s.(The same boys who drove the GOP into the ground post Reagan as they controlled all RNC money.) They nutured a hierarchical structure of many dozens of layers of bureaucracy. The mid-level bureaucracy of men in their 40s and 50s and 60s were paid based on how inefficient they were.

The bigger their staff in Sears Tower, and then Hoffman Estates, the more important they were and the bigger their salary and perks. The stock holders finally got rid of Brennan and brought in Martinez.

Martinez brought in good people at the top. They had good ideas. But the Asst VPs, Directos, Managers.. 50+ levels of bureaucracy in Hoffman Estates actively and blatantly obstructed everything that the Matinez team tried to do.

The middle management also blocked every good idea from the bottom. I was on various IT teams as a consultant. My IT team lead had extremely good ideas on how to implement The Softer Side of Sears . His ideas involved checking what was selling in real time with my online programs. Lee, Levi and other suppliers were begging us to re-order in real time. In the back to school season, Sears most profitable season, we had no clue what styles would be hot... and if hot would vary by store location.

Online tracking of sales and re-order in real time was so obvious. But to do so would eliminate the entire buyer department of hundreds of self-important lazy buffoons and their managers.

Middle management insisted that they would run inventory re-plenishment off the quarterly report, meaning Back-to-school replenishment would be ordered about October 15, way too late to compete with Walmart and others.

A sister team to mine had a great plan on how to turn the Sears Catalog into an online catalog. It was a vision ... an Amazon. But Middle Management shot it down. All they saw were character based 3270s. They did not understand how people could shop on a computer because a compute had no pictures of the item like a catalog did. That is how much in the 1950s middle management was living in the 1990s.

Sears and IBM partnered to buy Prodigy and to create the first Cloud. Neither Sears nor IBM management had a clue what to do with what they bought. Middle management of both companies shot down every good idea, most of which came from the bottom in this case.

Lands End bought Sears and had good ideas. Sears middle management refused to implement them. Lampert bought Sears and Kmart for the real estate, not the retail business. Sears was one of the largest owners of real estate in the world.

Sears was not done in by some young MBA. It was done in by the Sears Swamp, the Sears establishment of middle aged and older men who wanted to protect their bureaucracy because their bureaucracy protected them.

64 posted on 05/31/2018 6:23:04 PM PDT by spintreebob
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To: publius911
The Victorians, etc link...

Ever wonder how elected criminals have been robbing the American Citizen blind, at the local, state and federal levels with taxes, fees and dozens of other creative costs?

Just do a comparison of what would be the current cost of a prefab home from 1910 if the only profit accrued to the producer vs feeding the taxing sharks elected criminals and their bureaucracies...

Inflation Calculator

65 posted on 05/31/2018 6:52:53 PM PDT by publius911
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To: Red Badger

Didn’t know that. They used to have really good quality tools you could count on. But, I guess everything’s being made as cheaply as possible now for teh moar moneys.


66 posted on 05/31/2018 6:55:23 PM PDT by 1_Inch_Group (Country Before Party)
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To: spintreebob

Interesting. Thanks for the insight.

Doesn’t bode well for the current swamp draining...


67 posted on 05/31/2018 7:21:16 PM PDT by null and void (Urban "food deserts," are caused by "climate change" in urban customers' attitudes (H/T niteowl77))
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To: Red Badger
CEO Eddie Lampert: "We're liquidating...to get capital to put into our pension plan"

Eddie, soon you will run out of stores to close to fund your pension plan. Then you can shutter the doors at HQ and call it a day. At that point, the pensioners will be screwed anyway. You are just postponing the inevitable. I think you need to devise a better business strategy than shrinking your way to viability.

68 posted on 05/31/2018 7:24:43 PM PDT by ProtectOurFreedom
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To: shelterguy

” I have to go to Sears every few years to get filters for my shop vac. Beyond that I don’t care.”

Ace now carries quite a bit of craftsman things: out local Ace hardware has the Sears brand filters for my Craftsman shopvac ... same price as at sears too ... much closer and MUCH better help than at an actual Sears, which seem to be mostly staffed by zombies (except for their large appliance section).


69 posted on 05/31/2018 8:47:28 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: rstrahan

sad


70 posted on 06/01/2018 4:05:38 AM PDT by nikos1121
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To: Red Badger

Saw Craftsman tools for sale at Lowe’s the other day.


71 posted on 06/01/2018 5:57:33 AM PDT by Fester Chugabrew (Lock. Her. Up.)
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To: Fester Chugabrew

I looked it up, Black & Decker now owns the Craftsman brand................


72 posted on 06/01/2018 6:01:51 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: Charles Martel

Yep, B&D now owns Craftsman.

Craftsman is sold at my local Ace Hardware as well.

Now That B&D owns it, you will probably see them at all retail outlets.

Will they honor the ‘lifetime’ guarantee?

As for Kobalt, I have bought a few of the tools, they’re ok, but like you said, I never warmed up to them...............


73 posted on 06/01/2018 6:06:09 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: Drew68

Kobalt was just a ‘brand’ name:

https://en.wikipedia.org/wiki/Kobalt_(tools)

As is Craftsman:

https://en.wikipedia.org/wiki/Craftsman_(tools)


74 posted on 06/01/2018 6:09:03 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: Fester Chugabrew

My local Ace Hardware sells Craftsman tools, our Lowes still sells Kobalt, their house brand.

As their stocks are depleted I guess they will replace it with Craftsman...................


75 posted on 06/01/2018 6:11:03 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: 1_Inch_Group

Apparently Stanley Black & Decker now owns them Craftsman tool brand....................


76 posted on 06/01/2018 6:16:30 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: Charles Martel

Now you can buy Craftsman at four places:

Sears (for a while), K-Mart (same), Lowes and Ace Hardware.

I would assume that WalMart will be selling them at some point......................


77 posted on 06/01/2018 6:19:02 AM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: shelterguy

“About the only Kmart that I can think of is on Lake Street.”

I think that might be the last one left in the Twin Cities. Once in a while, I go there. Let’s put it this way - white people like me are definitely in the minority in that store.

But as K-Mart stores go, the Lake Street location might be one of their few remaining profitable ones. There’s always a steady stream of people going in and out.


78 posted on 06/01/2018 6:32:02 AM PDT by MplsSteve
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To: Red Badger

Others have commented here that Craftsman quality has gone downhill over the years. Sorry to hear that. Maybe things will change.


79 posted on 06/01/2018 6:53:48 PM PDT by Fester Chugabrew (Lock. Her. Up.)
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