[TR] Sears to Sell the Iconic Craftsman Brand after 90 Years

[Frank Fisher]

great news that they will be made in america.Stanley are not a bad company nor do they make poor quality tools. i feel they will continue the quality for the immediate future.im not sure sears will make it long term. i would not be buying stock in them any time. most of the old brick and mortar stores are under threat. see Montgomery Ward, circuit city, comp usa, radio shack etc.at least the brand will survive.

      From: Larry Griffin <larrygriffin.nc at gmail.com>
 To: triumphs at autox.team.net 
 Sent: Saturday, January 7, 2017 12:07 PM
 Subject: [TR] Sears to Sell the Iconic Craftsman Brand after 90 Years
   
Sears must really need cash to survive since they are selling the Craftsman Brand to Stanley Black & Decker for about $900 million. Details are here:Sears Sells Craftsman Brand 

This shocked and made me very sad when I read a news story last night that didn't have as much detail as the link above. I've always used Craftsman tools since since my uncle started helping me work on my Spitfire back in the '60s. After reading the above, I feel a bit better due to these details:1) This might help Sears survive2) Sears will continue to sell Craftsman. After 15 years Sears will start paying Stanley Black & Decker a percentage of Craftsman sales.3) Stanley plans to open a new US plant to make Craftsman tools4) Craftsman will be available at more stores5)Sears will receive a percentage of Stanley's Craftsmen sales for 15 years6)The unlimited lifetime warranty will continue under Stanley7)Stanley will develop and build Craftsman products to sell outside of Sears. Not sure if this is good or bad. Hope they improve quality back to former Craftsman standards.
Still trying to digest this news, though. Thoughts anyone?​ 
Larry 71 TR6


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