Sears sells Craftsman to Stanley Black & Decker - Vintage Mustang Forums

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post #1 of 53 (permalink) Old 01-05-2017, 12:40 PM Thread Starter
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Red Face Sears sells Craftsman to Stanley Black & Decker

Well name Craftsman is not only tools but other things like yard equipment. see what happens to it all.
http://money.cnn.com/2017/01/05/inve...ex.html?iid=EL

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post #2 of 53 (permalink) Old 01-05-2017, 12:55 PM
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Sears is selling the only things they have that are of any value. Once the Craftsman and Kenmore names are sold Sears will be gone.
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post #3 of 53 (permalink) Old 01-05-2017, 01:04 PM
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I had thought that Kmart owned Sears, but that article seems to
indicate it's the other way around. Whomever made the decision
at Sears to acquire Kmart is clueless. Total waste of capital, if
that's what was involved.

Retail is a dying segment anyway. Kind of a two edged sword though;
purchasing some things are a real PITA solely online.

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post #4 of 53 (permalink) Old 01-05-2017, 01:05 PM
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And soon Craftsman tools will be available at other stores that are closer and I prefer to shop at...and just like that Sears lost another customer.

I just hope that the Craftsman warranty still exists...I just replaced two items this week.



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post #5 of 53 (permalink) Old 01-05-2017, 01:11 PM
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Sears, Montgomery Ward, Western Auto.
All these places I went with my Dad as kid, eventually just a memory.
I remember when you had Craftsman tools, a Die Hard battery, and Guardsman tires on your car it meant quality.
Not to leave out Sears work boots.
I still have the Western Auto 22 rifle.
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post #6 of 53 (permalink) Old 01-05-2017, 01:23 PM
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Craftsman hasn't been "Craftsman" in many years. They're no longer made in the US, but they still charge Craftsman prices for Harbor Freight quality, which also has a lifetime warranty.
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post #7 of 53 (permalink) Old 01-05-2017, 01:37 PM Thread Starter
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Also fyi, Stanley bought & owns DeWalt tools. That happened not to long ago.
Stanley must be doing very well.
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If you borrow a tool more than twice, you need to own it You get what you pay for!
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post #8 of 53 (permalink) Old 01-05-2017, 01:43 PM
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Ace Hardware sells Craftsman tools.
As far as Stanley, Black & Decker buying Craftsman their parent Company is Mac Tools has been for about 8 years. Did you know your Dewalt, Porter Cable are also owned by Mac Tools.

Here's the invoice to repair a Porter Cable random orbit under warranty all Black & Decker parts


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post #9 of 53 (permalink) Old 01-05-2017, 01:44 PM
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They also just bought Irwin.

Craftsman has been going downhill for years, seems they sell out to the cheapest factory of they day...but, then again, I might be slightly biased
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post #10 of 53 (permalink) Old 01-05-2017, 02:21 PM
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I live in the suburbs of Chicago. The nearest Sears store, and the nearest Sears Hardware store have long since closed. Craftsman was bought for $900 million. Seems the top management thinks that as a deal. They really ought to retrench the stores. Smaller and drop out the non-profitable departments. Anyone here bought jewelry at a Sears store? The automotive stores have had a bad reputation due to some unscrupulous selling too.

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post #11 of 53 (permalink) Old 01-05-2017, 02:28 PM
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Quote:
Originally Posted by Israel View Post
Craftsman hasn't been "Craftsman" in many years. They're no longer made in the US, but they still charge Craftsman prices for Harbor Freight quality, which also has a lifetime warranty.

Yep. Craftsman tools have been junk for a while now.
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post #12 of 53 (permalink) Old 01-05-2017, 02:30 PM
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I liked that K-Mart sold Craftsman.


I returned a socket wrench I had shelled out.
The counter lady said - no, we don't carry just the socket wrench, so...


I had brought the whole set up to the counter & turned it over asked her to read the warranty, after the manager got involved - I got my replacement wrench.
Win!
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post #13 of 53 (permalink) Old 01-05-2017, 04:05 PM
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i understand that most stores require a larger mark up on products due to having a store and people to employ. But internet shopping has been around long enough that they should realize that if i can go online and purchase a large ticket item, at hundreds less online, then they arnt they changing? That $800 TV costs the same from LG for Amazon as it does for Sears. id rather sell a product and make $100 vs the $300 i would make, than not sell anything at all.

On the other side, i have a lot of Craftsman tools but over time i have been buying harbor freight. after i busted 2 craftsman sockets, then using my HF socket to take the nut off, i haven't really looked back. Im not a mechanic so i cant justify the price of Matco or Mac.
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post #14 of 53 (permalink) Old 01-05-2017, 05:02 PM
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Man, for some reason this news just weirds me out. I'm still rocking my bullet proof 25 year old socket set. It's performed flawlessly over the years. I had heard that quality has slipped since then though.

I'm not an expert, but I play one on the internet.
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post #15 of 53 (permalink) Old 01-05-2017, 06:19 PM
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If I recall correctly, Eddie Lampert (corporate raider) bought Kmart several years back. He leveraged the heck out of Kmart, to buy Sears. He hung onto the Craftsman name for himself. Kmart and Sears were left to wither on the vine, and sell real estate to try covering the debt. Bankruptcy was in the cards from day one. That's why Craftsman is available at other stores and no longer only made in USA.

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