

| Subject: | Re: Craftsman Tools, Ace Hardware |
| From: | Dave Mcneely |
| Date: | Sat, 10 Nov 2012 08:35:27 -0600 |
---- Max Wellhouse <dimwittedmoose@CFU.NET> wrote: > A couple of points to make > > > 4. I do hope Sears survives, as their professional grade screwdrivers > arethe bomb!!! Sears seems to have figured that out. Sell the screw drivers through successful retail outlets not named Sears. mcneely > > DM&FS > > "On 11/9/2012 6:55 PM, Jim Felder wrote: > > I wouldn't worry about the quality of craftsman tools, it's one of the few > > things sears has going for it. The problem is, they have not been able to > > translate their Craftsman brand loyalty into traffic that buys anything > > else inside the store. People who want Craftsman stuff walk in, buy a tool, > > and walk out without visiting the ready-to-wear department, the home > > entertainment department, or the appliance department to name three. The > > big box specialty retailers are now doing to them what they did tofemalethe mom > > and pop stores two generations ago. JC penney is on the skids as of today. > > I agree with what Ron says, expect a filing for bankruptcy by Sears soon > > and hope you can still buy craftsman stuff at Ace and Kmart. Sad, but the > > department store business model isn't working anymore for most everyone. > > There are a few exceptions, but it probably won't be enough to keep a > > corporate chain of stores alive. It is a shame because I have always found > > Craftsman to be a reasonably priced, high quality (in most cases) source of > > tools. I have some great Craftsman stuff I have had for almost fifty years. > > I guess their problem is that I still have it! > > > > Jim > > > > On Fri, Nov 9, 2012 at 6:10 PM, The Bus Depot <vanagon@busdepot.com> wrote: > > > >>> I now see Craftsman branded tools at Costco and now others mention Ace. > >>> And I think I have seen Craftsman tools other places? > >> > >> Sears Holdings (which also owns Kmart) is in serious financial trouble. > >> Their stores have been underperforming for years, and in many cases they > >> could actually make more money subletting the leases than they make > >> operating them as retail stores. They are hoping to expand their brand > >> reach > >> outside of their own retail locations as a way of stemming the red ink, > >> since they can't seem to get bodies into their stores. Besides Craftsman > >> they also own Kenmore, Die-Hard, and Lands End, all valuable trademarks > >> even > >> if their retail arm eventually fails. I would be shocked if the company > >> makes it much past the holidays without filing bankruptcy and/or divesting > >> significant assets. Inevitably they will either join Montgomery Ward and > >> Gimbels as a relic from retail history, or sell their trademarks to someone > >> else. They are a dead man walking. > >> > >> - Ron Salmon > >> The Bus Depot, Inc. > >> www.busdepot.com > >> (215) 234-VWVW > >> > >> _____________________________________________ > >> Toll-Free for Orders by PART # : 1-866-BUS-DEPOT > >> -- David McNeely
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