What are your thoughts regarding the future of Craftsman tools?
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What are your thoughts regarding the future of Craftsman tools?
http://www.countryliving.com/home-ma...c=social-email
Sent from my iPad using Tapatalk
Dim. I have a bunch of Craftsman hand tools my father accumulated in the 70's and some I bought early to mid 80's. Decent quality, serviceable tools. Stuff they sell now is garbage and soon the "name" won't be worth much.
Sears stores just don't hold the allure that they once did. They don't have the customer draw that they once did, particularly since online buying from the likes of Amazon. Sears is in the death spiral and will continue unless they make some radical, fundamental changes in the way they do business. Selling off assets can only continue for so long (until the core assets are all gone).
Sears Holdings will sell its well-known Craftsman tools brand to Stanley Black & Decker, the latest in a recent flurry of moves the retailer is making to generate cash after at least five money-losing years.
The agreement announced Thursday calls for Stanley to pay $525 million when the deal closes — expected later this year — and another $250 million after three years, the companies said. New Britain, Conn.-based Stanley will pay Sears a percentage of its new sales of Craftsman products for 15 years, and during that time, Sears will be able to continue selling Craftsman products royalty-free.
Hoffman Estates-based Sears estimated the deal's value could top $1 billion.
It must be used for home decoration.Quote:
Originally Posted by sprintcar72
example: https://decoration-en.com