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Subject: CRAFTSMAN TOOLS

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Tim Daley(MI)    Posted 12-19-2018 at 09:42:34 [URL] [DELETE]        [Reply] [No Email]  
  • CRAFTSMAN TOOLS
  • I was not aware of this until recently when I got a flier in the mail for LOWES and they were advertising Craftsman Tools. It seems STANLEY PRODUCTS bought out Craftsman from Sears in 1997 and are now the supplier although it says the deal allows any Sears outlet still open to sell them as well. Craftsman goes way back even once being made by the MOORE DROP FORGING CO. who made tools for Ford.

    Tim Daley(MI)

    Mower    Posted 12-22-2018 at 10:33:51 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • Not quite.
    Sears sold the Craftsman brand of tools to Stanley in 2017, not 1997. And you can also purchase Craftsman branded tools at Ace Hardware, and even Amazon.

    Island Mike    Posted 12-20-2018 at 00:15:07 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • I worked for Sears for two weeks in Hawaii in 1968. My concept of good business and racial harmony, differed from the foreman's. So I quit, and got a good job with Moanalua Upholstery.

    Island Mike

    steveVa    Posted 12-19-2018 at 23:41:18 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • The sale of Craftsman Tools was the first sign of the slow death of Sears.
    They are Capping it off here this year with several of the local Sears stores closing.
    I think that Sears blew it big time. They had an existing network of stores and supply and distribution and a history of catalog sales.
    Yet they refused to evolve with the times and compete with Amazon.
    They let their customer service go to non existent in the stores and if you did buy something from them on line they proceeded to badger you with hundreds of emails every week.
    I remember when a Sears store was a thing of beauty.
    John Boats, Shotguns, water skis, boots, coats, Fishing rods, re-curved bows, new stoves and refrigerators, trolling motors, outboard motors, ammo, nails, screws, hammers, drills, table saws, radial arm saws, sanders, motorcycles, bicycles, lawn mowers, garden tillers, and on and on.
    I can still close my eyes and see the inside of the store as a 12 year old, with rows of shotguns and fishing rods on racks that spun around like a jewelry kiosk, and the racks of hunting coats and hats next to the re-curved bows.
    Sears HAD Everything! No more... Too bad..

    Mower    Posted 12-22-2018 at 11:00:33 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • "The sale of Craftsman Tools was the first sign of the slow death of Sears. "

    Not even close. The first sign of the "slow death of Sears" was when Eddie Lampert-then the chairman of Kmart-bought and took over Sears and combined them to create Sears Holdings. He is a retail CEO with zero retail experience and was a better speculator than manager. In 2008 he split the company into 30 divisions that all competed against each other-often acting like separate companies. Duplicate management, duplicated boards, and an in-house profit metric that led to each division trying to cannibalize the other divisions.

    From 2011 to 2016 the Sears Holdings lost $10.4 billion. In 2014 its total debt surpassed its market cap-the sale of Craftsman tools didn't take place until 2017 and was a result of the "slow death of Sears"; far from the "first sign". It is a clear sign that the Sears brands are more valuable being sold in pieces-I wouldn't be surprised to see the Kenmore and Diehard brands sold off as well.

    Tim Daley(MI)    Posted 12-20-2018 at 05:06:54 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • It was the Internet that killed a lot of businesses -Sears, K-Mart, Kresge's, Hudson's, mom & pop stores, et al. Add too all the huge specialty places like Home Depot, Lowes, Sam's Club, COSTCO, and B,B, & B. people find it much more convenient and easier to shop Amazon and ebay and just to buy direct on line.

    Tim Daley(MI)

    Mower    Posted 12-22-2018 at 11:09:03 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • Are you just making stuff up as you go? Try again.

    Kresge's was renamed to KMart in 1977 (long before the advent of the internet). In 2000, Dayton–Hudson Corporation took the name of its most successful operation, becoming Target Corporation, and one year later re-branded all Hudson's and Dayton's locations with the Marshall Field's name. It's why if you try to go to Hudsons.com it redirects you to Target.com.

    The internet had nothing to do with killing Sears or Kmart (aka Sears Holdings). Incompetent management had everything to do with it.

    Tim Daley(MI)    Posted 12-22-2018 at 14:32:15 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • Making it up? Hardly. It is you with incorrect 'facts', friend. Kresge was NOT renamed K-MART. The SS Kresge Co. was first having opened several value-priced retail stores, beginning in the Detroit area. K-MART was a spin-off of like stores by the Kresge Co in the 60's. There were always two separate stores after then -the Kresge ones and the K-Mart ones. Kresges had a lunch counter. K-mart did not. They both sold these little ham & cheese sandwiches for like 3 for a buck and these ice cream sandwiches too. J.L. Hudson was the big department store in downtown Detroit. Sears, Roebuck was also there along with SS Kresge and Woolworth. The 60's brought more people to the suburbs and thus they all started branching out. Shopping malls began to appear and every one had a Hudsons, Sears, and Kresge outlet. The SS KRESGE COMPANY WORLD HEADQUARTERS (later renamed K-MART CORP) was built in the early 70's about 3 miles from where I lived. My brother was one of the very first new employees to be hired there and literally was the last one to be let go when they folded up 20 years later. My friend and guitarist my band also worked there and I knew of several of my schoolmates who got hired too. As far as the CRAFTSMAN TOOLS go, they have a long history of who owned them and where they were made. There is an old member here, hasn't posted in years, Phil Warner, who worked for MOORE when they had moved to Arkansas and were still supplying Craftsman tools. FWIW: Edsel Ford's wife, Eleanor Lowthian Clay, was the niece of J.L. Hudson -betcha didn't know that. Don't rely on Wikipedia for your 'facts'.

    Tim Daley(MI)

    steveVa    Posted 12-21-2018 at 13:38:01 [URL] [DELETE]        [Reply] [No Email]  
  • Re: CRAFTSMAN TOOLS
  • That is much of my point about Sears. They let the internet kill them by refusing to evolve.
    They already had the supply contacts and they could have evolved to internet sales by simply doing an on line catalog.
    Remember the Sears Catalog as a kid. They could do the same thing right now on line.
    They just refuse to evolve and it is too bad.
    The same thing happened to Best Products. That was one of my favorite stores. They had great Fishing stuff and while you were there buying reels and lures, you could pick up a nice pair of ear rings for your wife. Was sad to see them go too.

    Farmer Dan    Posted 12-20-2018 at 08:23:27 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • Bad business sense and poor ethics killed Sears and Kmart. Their inventory sucks. their customer service sucks and if you buy something from their online store it takes two weeks to get it. I can go to Ace hardware and if they don't have in on hand it will be their the next day.

    Philny    Posted 12-19-2018 at 21:47:01 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • Dewalt is also in with them I have a friend who’s daughter works for them.

    Farmer Dan    Posted 12-19-2018 at 11:35:24 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • I think you can buy them most anywhere now, even Ace hardware

    Wikipedia:

    On January 5, 2017, Stanley Black & Decker announced its intent to acquire the Craftsman brand in a deal with a total value of $900 million (with an up-front payment of $525 million, and a payment of $250 million after three years). Sears will hold a royalty-free license to the Craftsman brand for a 15-year period after the completion of the sale, and will receive a royalty on all new Craftsman sales over this period. Afterwards, Sears will pay Stanley Black & Decker a 3% licensing fee.[15] The deal was closed on March 9, 2017.[16] Sears maintains the right to manufacture and sell tools using existing supply channels under the Craftsman name for 15 years.[17]

    ArtMo    Posted 12-20-2018 at 12:47:17 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • And, the beat goes on- I see where the existing CEO's of Sears awarded themselves a 25 Million dollar bonus which was approved by the bankruptcy court!

    Jim    Posted 12-22-2018 at 03:18:44 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • I worked 25 years for Continental Insurance Company (the one with the continental soldier logo) and the existing CEO's screwed it into the ground with poor business decisions after 80-90 years and then got big bonuses for their work.

    ArtMo    Posted 12-22-2018 at 13:44:52 [URL] [DELETE]        [Reply] [Email]  
  • Re: CRAFTSMAN TOOLS
  • I too, spent 30 years working for a large company (TWA) and watched as
    it was bled to death by Carl Icahn. The stories are all the same, the great
    American dream is to have a cash cow that will support ones greed thru the
    demise of good, hard working people that possess old fashioned
    principals..........may God have mercy on this rapidly, declining country!
    Merry Christmas to all of you and your tractors!

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