Sears/ K-mart and at the time Lands' End too prior to spin off, was my client with Oracle. I visited the office in Chicago and the data center in the Detroit. They have been slipping rapidly since the Hedge Fund manager bought the company some years ago. That's what happens when you have a money only Exec in charge. Which is a huge dilemma with many American companies. Now many becoming Holding companies. If you don't reinvest in your company and employees you will fail. I spoke to many of the veterans of Sears and they painted a sad picture of the change while being careful not to point a finger. But they, in code, made it clear greed killed them.
On Friday, January 6, 2017 at 2:26:03 PM UTC-7, Steve Smith wrote:
This may well be the death knell of Sears that we've all been expecting. Too bad, not many 100+ year old American companies left, are there?
Steve
| | Dear Steve,
I'm writing to let you know some exciting news about Craftsman that will enable us to put even more hardworking tools in the hands of makers everywhere. On January 5, Sears Holdings announced that it will sell the Craftsman brand to Stanley Black & Decker.
Craftsman is and has been an important part of the Sears family for ninety years. And thats not going to change. The research and development team at Sears and Craftsman will continue to develop new innovations that will be available exclusively at Sears and Kmart stores and online. However, as part of this transaction, Stanley Black & Decker will gain the rights to develop, manufacture and sell Craftsman-branded products outside of Sears and Kmart, which will make Craftsman products more broadly available in the USA and internationally.
Craftsman remains committed to maintaining the very best aspects of the Craftsman brand. You'll still find the most high quality tools available at the best value, along with our exclusive lifetime warranty on Craftsman hand tools, which has been a hallmark of the brand for generations.
Sears will continue to have the most extensive range of Craftsman tools and lawn and garden products, along with the same trusted service you rely on. In addition to being sold primarily at Sears and Kmart, Craftsman will soon be available at other retailers nationwide.
Your membership in Craftsman Club will not change and we will continue to provide you with exclusive offers, tips and information to help you with all your projects.
Thank you for your membership and loyalty to Craftsman. We look forward to supporting makers everywhere and providing you with the tools you need for many more years to come.
Sincerely,
Tom Park
President Kenmore, Craftsman, DieHard | | | |
 |
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