Sears Selling "Craftsman" To Stanley Black & Decker

liquidation sale...

Sear's filing bankruptcy in August 2017. Will Trump claim that victory too?

The transaction provides Stanley Black& Decker with the rights to develop, manufacture and sell Craftsman-branded products in non-Sears Holdings retail, industrial and online sales channels across the U.S. and in other countries. As part of the agreement, Sears Holdings will continue to offer Craftsman-branded products, sourced from existing suppliers, through its current retail channels via a perpetual license from Stanley Black& Decker, which will be royalty-free for the first 15 years after closing and royalty-bearing thereafter.



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craftman used to be really good, not so much anymore.

ya mostly junk now

Nope....I bought a few sets of USA craftsman wrenches to put away and sell cuz the demand is for the old stuff.....Why pay Old craftsman prices for Harbor Freight goods?

No, Trump will convince Sears to move to Mexico.

Black and Decker is owned by chinA

What the hell is "Craftsman" anyway? It's just a sticker overtop another brand-name. My "Craftsman" lawnmower was actually an MTD.

Same goes with anything "Kenmore."

Fuck'em. Black and Decker and Craftsmen used to be the highest quality around. I have some of their old handtools made from real metal with real bearings, not plastic shit.

Will never buy another one of their products....EVER.

Sears has been in trouble for a long time. Ford specifically mentioned Trump's policies, so there's that.

In the 1990s Craftsman sockets were cast in China and the chrome put on in the US so they could qualify as made in USA. I don't imagine it has improved since then.

I like HF ratchets and wrenches lifetime warranty.

Craftsman is the best brand

:(

Harbor Freight has some pretty good cheap tools, but isn't it all made in China?

black and dick will f*ck it all up

Nope ....Danaher (US) made craftsman Mechanic tools thru the 90's....other US tool manufacturers for Craftsman brand included Pratt Reed, Western Forge,etc....look at the code stamped on the tools PR and WF.....anything with AE is China/Taiwan made....

anything made in china is junk

The HF "Pittsburgh Pro" line is decent....many of the tools are made in Taiwan which is a leg up from China...Funny cuz while Craftsman went down, HF upped their quality and emulated the old craftsman brand with lifetime returns....

have a harbor breaker bar that damn thing bends like a rubber eraser could snap at any moment

whelp, the only thing left to go to Sears for is a lawnmower blade for my craftsman mower

still haven't found a better quality one for the price

I have a lot of Harbor Freight tools, including a two foot breaker bar, do my own auto work so far no problems.

Naw...USA Craftsman is right in the middle between really cheap crap and the professional quality tools.....kinda like Pro lite.....

It does have a following so when they went China, I bought a bunch of USA Craftsman tools to sell....look at Ebay, sellers are charging a hefty premium for their NOS Craftsman stuff....and getting it....

We've got a really good Sears in my old Chicago neighborhood. Multilevel. The neighborhood isn't doing so well with buisnesses because the price for commercial space is unbelievably high. Lots of long time businesses gone. That particular section though where the Sears is bounced back and is doing good once more. If we lose it, I think we will lose a lot of other businesses there again. Just makes me pretty sad - that was once a really amazing part of Chicago and I loved growing up there. Still considered a great neighborhood but I don't think for much longer. Next few years will be devastating..

I've seen craftsman tools at ACE hardware.

Does Sears own ACE?

That would explain why ACE is so damn high priced.

Carlos Slim can by the US Sears. He already owns the mexican one.
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No...its an attempt by Sears to expand their brand....btw Craftsman tools are also sold at K marts...

Foolish for sears to sell to black and decker right when the made in USA trend is picking up steam. Instead they should have announced they were bringing production back to the USA and bringing back the terms of their original warranty, They could raise prices more than their cost increased and ridden the made in America trend. Could get rid of all non USA merchandise and let Walmart sell the bedsheets and other bs.

Would have been the biggest comeback in American History.

You seem to forget average american is in debt and with no savings. No demand for overpriced bullshit.

$900 million - they did very well from selling just a name.

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