Sears selling the Craftsman name off to Stanley

John P.

Member
Looks like Sears is really in bad shape. They just announced they are selling Craftsman off to Stanley.
 
Been predicting such (not the buyer, just the sale of marketable trademarks).

It remains to be seen what the buyer chooses to do with the Craftsman life time warranty.

Look for more of the same, e.g., Kenmore, etc.

Dean
 
Been predicting this (not the buyer but rather the sale of marketable trademarks).

It remains to be seen what the buyer chooses to do with the lifetime warranty.

Look for more of the same, e.g., Kenmore, etc.

Dean
 
On the news last night they said Sear's is closing a good number of the K-Mart stores her in Missouri. Said the Sear's holding company will close something like 9 stores here in MO and have them closed by April
 
I thought I saw just a few weeks ago that Craftsman tools were available at Ace Hardware.
 
True Value hardwares have been carrying Craftsman around here. Sears is closing two stores in Cleveland suburbs and over forty stores nationwide. Slow death.
 
Closing the large regional store here too by April.

Don't know if any big stores left in southern Mn any more, thry closed several a few years ago.

Kmart went away quite a few years ago already.

Funny thing, in my small farm town, we have a Sears tool and appliance store. Very small. As far as I know, it is continuing on. As well we have
a Verision store, that used to be a Radio Shack until last year. It continues to sell some electronics stuff, and still has RS branded stuff on the
shelves. We were also one of the last towns around to have a Kmart in it.

I've seen some versions of Craftsman tools sold in Ace stores for several years now, and elsewhere.

Sears and Kmart isn't going to make it, they will close stores that aren't profitable until there is none left - which may be close now. The assets
will be sold off, as Craftsman is, and Kenmore will be. Basically they started a long slow fire sale 5 years ago, selling off stuff to keep enough
cash around to,pay another month.

Macy's is also closing down stores. Target has Ben it trouble for some time, tho floating along. Best Buy was in serious trouble, and while they
shafted Canada thry appear to have turned a corner for a while anyhow and are much more stable.

Walmart is at sheer size and efficient enough they can soldier on, and mail order is taking down everyone else.

Paul
 
I don't know what there would be of Kenmore to sell off. All they do is buy appliances from whoever will make them for them the cheapest. I tried to get the local repair shop to come out and put an element in a Kenmore electric dryer. It's the one brand they wouldn't come out for. They said they had no way of knowing who made it and so no idea what parts they'd need.
 
Well, add one to the list!

<img src = "http://i167.photobucket.com/albums/u125/27Grainfield/Stuff/Stanley_zpszama2ava.jpg">
 
Sears in my south-central MN town is closing in late March. It's an anchor store at one of the bigger malls in the upper Midwest. I only stop in once or twice a year (which is what most other former Sears shoppers seem too be doing). I'll still have a Lowes, Menards and Home Depot, so no shortage of selection for tools and appliances. And with several thrift shops in town, plus summer yard sales, I won't run out of clothes to get dirty in :). Our local Ace Hardware carries a reasonable selection of Craftsman tools, and I've heard it will honor (sort of) the Craftsman warranty. Somehow I'll survive. Quite honestly, I'd rather have a Harbor Freight come to town; HF quality has gone up (which admittedly didn't take much) as Sears quality has gone to China. I am kinda sad, though. I worked in hardware and sporting goods at two Sears stores in Iowa back in the early '70s. It was THE store to go to back in those days. So it goes.
 
Sears is closing more Sears stores this year along with a large number of K Mart stores. Our K Mart is one to close by spring.
 
The only surprising thing is Sears is still in business.

I've used the analogy before: Sears is like a moose shot through the heart but still walking; it's too big and stupid to know it's already dead.
 
The model and serial numbers tell you who made Kenmore appliances. The codes are available for look-up. It ain't rocket science. All the appliance parts stores can look up kenmore parts if they have the full set of numbers.
 

Sidchrome was a long standing Australian tool company with an enviable reputation for quality backed by a lifetime guarantee against breakage .
It was bought out by Stanley some time ago , the quality went out the window along with the guarantee .
I have tools made by them that I have inherited that are over fifty years old , I still use them and they are still as good as the day they were made . Most were made here [ Siddons tool co . ] some were made in Sweden , all of them are better than the new versions . It seems more time is spent on the nice chrome finish than on the correct grade of steel and accurate machining .
 
I have never liked any Black &Decker tool I have ever owned. I
hope they don't ruin the Craftsman line.

The Ace hardware store here carries all craftsman hand tools. They
closed the closest Kmart store 70 miles from here. Also closed the
Sears store years back. It too was 70 miles away.

Craftsman tools are so cheap on eBay. I don't worry about
warranty. I just bought two 3/8 Dr 1/2 deep sockets for $5 with
free shipping. If you watch you can still find the made in USA
sockets without a problem.
 
Kenmore parts are easily found in appliance parts stores or online. All you need is the model number and, occasionally, the serial number.

Dean
 
(quoted from post at 23:23:30 01/05/17) Looks like Sears is really in bad shape. They just announced they are selling Craftsman off to Stanley.

Any quality they had left them in the late 70's I tried to use there professional line they were worst than there cheap junk.... Good by....
 
(quoted from post at 17:41:27 01/05/17) The elephant in the room is: What about the warranty for past tools and future sales of tools??

It will be abandoned, just like Estwing did with some of their line.
 

I used to be able to get SK tools locally and they had a lifetime warranty like Craftsman. Auto place I got them at closed, so I don't know if they are even out there anymore.
 
dean the craftsman name isn't worth any more than a couple million at best what sears is selling is copyright and nothing more, NO machinery to manufacture tools no buildings or real estate and i doubt that warranty protection will be passed on for past customers the only thing being passed on is a name and not a very good one at that..
Sears has been dying on the vine since the 60's political correctness has done them in...
for the first time in 25 years i went to Sears to by new washer and drier, when i come out of there my head was spinning they were only about 350.00 more than what i paid for them elsewhere same exact model. i did learn one thing which shocked me was that the store itself is only pulling in 5,000 dollars a day this is in a central mall location. really the only thing left to ponder is how THEY STAYED IN BUSINESS SO LONG???????
 
Jeff don't be sad rejoice Sears was the most mercenary of merchants there ever was, even their catalogs stole business from toilet paper manufacturers.
 
SK is still around and available. You might be able to find a place close to you
through www dot sktools dot com I have always liked their tools.
 

Sears has been dying since they did away with their catalog. It was an insanely stupid decision based on the amortization rate of the world's largest warehouse they constructed.
 
(quoted from post at 14:47:09 01/08/17) After buying the Craftsman name Stanley is going to build a new factory in USA.

From a Fortune on-line article: "Stanley Black &amp; Decker is opening a new $35 million manufacturing plant in the United States to help it rebuild, and perhaps more importantly re-Americanize, the Craftsman tool brand it just bought from Sears Holdings.

While the extra capacity should help get a once-iconic $2 billion a year line back on its feet, the move also potentially offers Stanley Black &amp; Decker another benefit: shielding it from a potential surge in economic nationalism."

So will all the foreign-made-Craftsman haters be back in the market for American made Craftsman tools now?
 

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.

Back
Top