https://www.popularwoodworking.com/article/next-generation-craftsman-tools?utm_content=buffer5ad92&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

 

Anxiously awaiting David Thiel's report.

Black&Decker and Craftsman? A marriage made in...????

Sounds like a case of "Who's The biggest loser?".

Packard merges with Studebaker.

1 hour ago, It Was Al B said:

Anxiously awaiting David Thiel's report.

Will be interesting to see his view. 

It will be interesting to see what they have in mind. I did notice those big "Made in USA" stickers on the tool boxes at Lowes...there may be one of them in my future.

40 minutes ago, Fred W. Hargis Jr said:

It will be interesting to see what they have in mind. I did notice those big "Made in USA" stickers on the tool boxes at Lowes...there may be one of them in my future.

Old stock?

I still wonder in amazement when I hear several of my friends say, "I only buy Craftsman tools -- they're the best."     I'm thinking, "What century are you living in?"

Now that's a statement I've not heard in a long, long, time. But I'm sure there are still folks who equate the Craftsman tools of today with the ones from several decades ago.

I just stopped at our local Sears store to pick up a vacuum filter. It's a big two story with automotive. I think I was the only customer in the entire store. 

Sears has been in a race to the bottom for years. Never understood why the hook up with K-Mart. Two losers can't make a winner. Someone else buying the right to use the Craftsman name must be hoping for the ill-informed to buy the stuff. 

1 hour ago, Fred W. Hargis Jr said:

Now that's a statement I've not heard in a long, long, time. But I'm sure there are still folks who equate the Craftsman tools of today with the ones from several decades ago.

I frequent several online auction sites and look at tools, etc.   Often there is an auction that is page after page of all Craftsman power tools. Pass.

 

 

33 minutes ago, Larry Schweitzer said:

I think I was the only customer in the entire store. 

 

oh...

51 minutes ago, Larry Schweitzer said:

I just stopped at our local Sears store to pick up a vacuum filter. It's a big two story with automotive. I think I was the only customer in the entire store. 

 

Visited a huge Sears anchor store at a big mall. Banners and window signs advertised 50-75% off sale. Mid morning. Less the 10 people in there. A number of them were Sears employees. 

Yes, the Sears store in the mall near one of my daughters closed out a couple of years ago.   I went to see if there were any tools (wrenches, etc.) that might be really marked down.   Markdowns were usually 10% -- could get better prices at Black Friday or Christmas sales.

Further update on Stanley/Craftsman and their possible plans.   I'll believe it when i see it.

 

http://www.courant.com/business/hc-biz-stanley-craftsman-20180817-story.html

We can only hope.......but I have a huge distaste for what B&D has done to tools, their own and those they acquire.

5 hours ago, Fred W. Hargis Jr said:

We can only hope.......but I have a huge distaste for what B&D has done to tools, their own and those they acquire.

I'm with ya there, Fred. 

In 2018, Sears was the 31st-largest retailer in the United States. After several years of declining sales, its parent company filed for Chapter 11 bankruptcy on October 15, 2018.Sears announced on January 16, 2019 that it had won its bankruptcy auction and would shrink and remain open with 425 stores.

 

The new Sears plans to close 96 stores under its namesake and Kmart banners by February, with liquidation sales starting in December, the company said in a statement.

That will leave the retailer with a total of 182 Sears and Kmart stores. "We will continue to evaluate our Sears and Kmart footprint, consistent with our overall retail and service strategy," the company (Transform Holdco) said.

Sears also announced it received $250 million in new financing from the company's owner, Eddie Lampert and his ESL Investments hedge fund, along with another unnamed party.