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Sears sells Craftsman to Stanley Black & Decker

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https://www.bloomberg.com/news/arti...ftsman-brand-from-sears-for-about-900-million

Sears Holdings Corp. agreed to sell its Craftsman tool brand to Stanley Black & Decker Inc. for about $900 million, marking Chief Executive Officer Edward Lampert’s third move in the last two weeks to prop up the beleaguered retailer with fresh sources of funding.
..

Craftsman has been part of Sears since 1927, when the retailer acquired the brand for $500. The tools debuted in the iconic Sears catalog two years later. By the 1940s, the brand benefited from a surge in power-tool sales. In 1981, President Jimmy Carter was given a Craftsmen woodworking set as his farewell gift when he left the White House.
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Shit.

So much for getting them replaced for free, and we can probably expect the quality to go downhill....by design.

I think that sears is in it's final death throes, last time I was in Sears at hilltop they were missing 2/3 of the battery types and many of the tools had not been restocked...this was just a couple weeks before Christmas.
 
Sears was founded in the 1880's... it's been a good run. I'll miss it a little bit when it's gone.

As a kid, I remember it was the "go to" family store for just about everything, and just about every September, when you were back in the drudgery of school already, the Christmas toy catalog was delivered in the mail, a lifeline of hope to fun.

I still have my Sears/Craftsmen/USA made tool set I bought with high school graduation money in the summer of 1980, and they're still good as new.

Now if only I could find those Toughskin bell bottom cords in "husky".... :laughing

9e9d90e26c29115454a0a3c9f0840c48.jpg
 
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Johndicezx9 said:
Sears was founded in the 1880's... it's been a good run. I'll miss it a little bit when it's gone.

As a kid, I remember it was the "go to" family store for just about everything, and just about every September, when you were back in the drudgery of school already, the Christmas toy catalog was delivered in the mail, a lifeline of hope to fun.

I still have my Sears/Craftsmen/USA made tool set I bought with high school graduation money in the summer of 1980, and they're still good as new.

Now if only I could find those Toughskin bell bottom cords in "husky".... :laughing

9e9d90e26c29115454a0a3c9f0840c48.jpg
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It's indicative of how prevalent Sears was at one time, because I could have wrote the same post. :laughing
 
Doesn't B&D own Dewalt as well?
 
Johndicezx9 said:
I still have my Sears/Craftsmen/USA made tool set I bought with high school graduation money in the summer of 1980, and they're still good as new.
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:wow :thumbup

Johndicezx9 said:
Now if only I could find those Toughskin bell bottom cords in "husky".... :laughing

9e9d90e26c29115454a0a3c9f0840c48.jpg
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? ^^^ :laughing style has changed since the 1977-1982s... ^^ this image?!? They have another word for this now I thought!!!
 
awwww..... :(
 
Climber said:
Shit.

So much for getting them replaced for free, and we can probably expect the quality to go downhill....by design.

I think that sears is in it's final death throes, last time I was in Sears at hilltop they were missing 2/3 of the battery types and many of the tools had not been restocked...this was just a couple weeks before Christmas.
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The quality of craftsman tools has been shit for at least the last few years. All the ratchets, sockets, and wrenches have been made in china since like 2010. I would not want to warranty one of my USA made craftsman wrenches for the chinese garbage.
 
Bummer
 
Too bad. I have a lot of USA-made Craftsman hand tools that have been very reliable and have seen a substantial amount of use for a home/shadetree mechanic.

I hope it's not the death of Craftsman and maybe... just maybe the Stanley will improve the brand to what it was. I know, I won't hold my breath.

I think Sears has been on a downward trajectory for the past 20 years, to be honest. Customer service has been dismal, at best. Even after being exposed on 60 Minutes or whatever for doing unnecessary auto repairs, they STILL kept up that culture. Hell, it even got to the point that I couldn't find anything but the very basic tools at Sears and had to go to OSH for Craftsman stuff that was say larger than 1", Torx, etc. I think I've been in Sears two, maybe three times in the past decade. Used to be able to buy houses, guns, cars, motorcycles, etc. from them and they were relatively good quality.
 
Not only is Sears in trouble for a long long time but I was a little surprised Macy's experienced less than dismal revenue from this last X'Mas and closing 68 stores.
 
Outta Control said:
Not only is Sears in trouble for a long long time but I was a little surprised Macy's experienced less than dismal revenue from this last X'Mas and closing 68 stores.
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I'm not surprised at all, go into any Sears or Macy's at a place like Hilltop or Southland, downright depressing. People don't want to be bummed out when shopping or have to sort through disorganized racks and piles of junk. Especially when you can get exactly what you want from home with a couple of taps on your phone.

To be successful these days, brick and mortar retail needs to be an experience, not just a place to get stuff.
 
Craftsman was middle of the road, not very impressive

The death signs for Sears started back when they acquired Lands End :wtf :rofl
 
wazzuFreddo said:
To be successful these days, brick and mortar retail needs to be an experience, not just a place to get stuff.
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Yes and No,

BBY has been experiencing solid growth, they appear to have figured it out. The Store in a Store concept works pretty well.
 
Yakoo752 said:
Yes and No,

BBY has been experiencing solid growth, they appear to have figured it out. The Store in a Store concept works pretty well.
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I'd make the argument that the Store in a Store concept is experience based. The Samsung, Apple, and Microsoft sections certainly are.
 
Reli said:
Craftsman was middle of the road, not very impressive
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Which is exactly why it is a staple of the American handyman and shade-tree mechanic. They are/were better than the crappy no-name brands, but easily accessible. Unless you're making money with your tools or simply "need" to have the very best, Craftsman is fine. Several of my mechanic buddies, who each have tens of thousands of dollars of tools at work and accounts with multiple tool trucks, have Craftsman at home.

It would have been a lot harder for me to acquire what I have had I gone all Matco or whatever.
 
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