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Thread: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

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    Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    I have been expecting this for several years. Sears has been on the ropes for years, and I believe all long-term hope has been lost, but to me this is the first nail in the coffin lid.
    Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    http://www.nytimes.com/2017/01/05/bu...ling.html?_r=0
    I get that they need cash, but if you sell everything that still has value, what will you be left with? Nothing that has value and stores that still nobody wants to shop at.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    The land the stores are under, I know Sears used to own, are probably a declining asset as well with the death of malls in general
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by radcen View Post
    I have been expecting this for several years. Sears has been on the ropes for years, and I believe all long-term hope has been lost, but to me this is the first nail in the coffin lid.

    I get that they need cash, but if you sell everything that still has value, what will you be left with? Nothing that has value and stores that still nobody wants to shop at.
    i bought a screwdriver when i heard the news. screwdrivers are going to be a rare commodity and i want to be one of the lucky ones that still has one.

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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by Lord Tammerlain View Post
    The land the stores are under, I know Sears used to own, are probably a declining asset as well with the death of malls in general
    I had forgotten about that, but you're right. At least it used to be that way many years ago. Don't know if they have been selling said land since.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Good. I actually think long standing companies like this are part of the cause of our stagnation. Let it die, so that something new can be born.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by radcen View Post
    I had forgotten about that, but you're right. At least it used to be that way many years ago. Don't know if they have been selling said land since.
    Sears stores are a relic from the last century. Craftsman was probably their best brand and now that is gone.

    There is nothing as worthless as a big anchor store in a mall which cannot attract customers.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by radcen View Post
    I have been expecting this for several years. Sears has been on the ropes for years, and I believe all long-term hope has been lost, but to me this is the first nail in the coffin lid.

    I get that they need cash, but if you sell everything that still has value, what will you be left with? Nothing that has value and stores that still nobody wants to shop at.
    Yeah, saw this yesterday and it actually made me a little mad for some reason. http://www.debatepolitics.com/off-to...post1066729653 I presume it's that such an iconic American brand (Sears and Craftsman both) has been so badly managed that a company that helped facilitate our country's growth and strength as a nation, since 1893, is disappearing and future generations may never know another like them.

    You used to be able to buy anything from the Sears catalog, including even the house you would live in. I have stored in my barn, the wood burning stove and oven that my family ordered from the Sears catalog and used in the old farmhouse until I moved in and wired the place for electricity in the early 1980's. I even have a number of old Sears catalogs in an old trunk.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by Beaudreaux View Post
    Yeah, saw this yesterday and it actually made me a little mad for some reason. http://www.debatepolitics.com/off-to...post1066729653 I presume it's that such an iconic American brand (Sears and Craftsman both) has been so badly managed that a company that helped facilitate our country's growth and strength as a nation, since 1893, is disappearing and future generations may never know another like them.

    You used to be able to buy anything from the Sears catalog, including even the house you would live in. I have stored in my barn, the wood burning stove and oven that my family ordered from the Sears catalog and used in the old farmhouse until I moved in and wired the place for electricity in the early 1980's. I even have a number of old Sears catalogs in an old trunk.
    I'm more sad than mad. Though part me says they should liquidate completely and close up and get it over with. To me this is just a band aid on a severed torso, so to speak.
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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Sears employs around 178,000 people.

    When will Trump fire off a Tweet, and save all their jobs?

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    Re: Sears Agrees to Sell Craftsman to Stanley Black & Decker to Raise Cash

    Quote Originally Posted by Beaudreaux View Post
    Yeah, saw this yesterday and it actually made me a little mad for some reason. http://www.debatepolitics.com/off-to...post1066729653 I presume it's that such an iconic American brand (Sears and Craftsman both) has been so badly managed that a company that helped facilitate our country's growth and strength as a nation, since 1893, is disappearing and future generations may never know another like them.

    You used to be able to buy anything from the Sears catalog, including even the house you would live in. I have stored in my barn, the wood burning stove and oven that my family ordered from the Sears catalog and used in the old farmhouse until I moved in and wired the place for electricity in the early 1980's. I even have a number of old Sears catalogs in an old trunk.

    I have a Kenmore refrigerator, washer and dryer. All are of decent quality and easily worth what I paid for them. However getting parts from Sears is incredibly painful. The sensor that senses when water is in the washer's tub failed a couple of years ago. It took Sears 3 weeks to get me the part. Three weeks without a washer, when you have 6 people at home, is unacceptable in a world where Amazon can get you most things in 2 days.
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