Sears Selling Craftsman Brand

[Oldpath05]

I heard this weekend Augusta Me. Sears is closing, been there since the 60s. In the past 10 years I've noticed Craftsman hand tool quality has gotten worse to the point that Chinese tools are better and I've stopped buying Sear's tools, the last straw for me was 5 years ago with $350.00 table saw, crap. Got a Dewalt table saw two weeks ago, ten times better, in the past 5 yr. I've had the best luck with Dewalt.
Then 6 years ago after a 4 year extended warranty ran out by a month on a high end refrigerator, the ice maker broke, they wanted $300.00 to repair it, I went on youtube, watched, then bought the ice-maker, $125.00-ish. Sears should of kept and looked up my 20 yr. purchase history, I wont miss them, just feel bad for the store employees......

 

[farmer2009]

Broke a jaw off of a 5/16 Craftsman ratchet wrench about 2 years ago. Took it back to the store for their lifetime warranty. Was told they couldn't replace it. They didn't have that wrench in store. And I'd have to bring in the whole set and they'd try to order a new one. But wouldn't replace the wrench without the whole set. So I left with my broken wrench.

That was the end of my craftsman tool buying. Also the last time I've been in a sears. I've switched from craftsman to Kobalt.

 

[NY_Yankees_Fan]

Also they plan to sell Kenmore and Diehard batteries too, does not look good.

 

[TheMan419]

Do you happen to have the part number? I'm wondering if it's the same filter I just replaced in our refrigerator; $43.28 including sales tax. Incidentally, I have Sears service contracts on a window unit A/C in the shop, the washer & dryer in the garage, and the refrigerator in the kitchen. The Sears employees who have been here have always been good, but twice some other contractor for Sears came and in both cases was absolutely worthless.

No sold that house over a year ago. It was a pur filter. Bought on amazon. It was a cylinder shape on the bottom of the fridge. Timer was set to claim it needed to be changed every 6 months.

 

[jerrybob]

So let's see if I got this right? the guy in charge is making a crap load of money, Literally never actually shows up to work, screams at his employees for doing their job and has them afraid to try to make a difference. Wants to get rid of everything good about the store and just trys to sell off all his customers private information, And most importantly has no negative consequence if business fails. What could possibly go wrong sounds like a great business model.
I'm sure glad that after he finally destroys an American icon & eliminates a bunch of American jobs and leaves the tab of bankruptcy on the American people he will be well compensated.

The new American way.......the president elect did much the same thing and has been rewarded.

 

[jerrybob]

When I was a kid a neighbor of ours had a huge 240 foot or so long chicken house full of every kind of restored wagon, buggy phaeton, dray etc, that I have ever seen. This has been over 50 years ago, and some of the memories may be getting a bit hazy, but it seemed like several dozens of these 19th century transportation devices. From what I remember they were all restored and in working order.

Love those old horse drawn vehicles.......got a bunch......what fun!

 

[prichard]

Why Sears is failing and closing stores - Business Insider

How is it even legal that the CEO is also a hedge fund manager that owns most of the company. Isn't that massive insider trading?

 

[sseelhoff]

How is it even legal that the CEO is also a hedge fund manager that owns most of the company. Isn't that massive insider trading?

I think that's why the other shareholders are suing him.

 

[dodge man]

I have a bunch of Craftsman hand tool/mechanics tools, most of them more than 25 years old. Good stuff at the time.

People bringing up Sears kind of starting the "internet thing" before the internet existed is somewhat true. My mom was a phone operator for the Sears store that was just a few blocks from our house where I grew up. She spent most the day taking catalog orders and the stuff would either get picked up at the store or delievered to the persons home. This would have been during the 1970's. They just never rolled that into internet sales and Amazon kind of took over.

 

[PastTense]

Sears probably could have owned the home center market (Home Depot, Lowes, Menards...) if they had made the investment in that business. Home Depot was only started in 1978; remember how strong Sears was in the 1970s.