Posted on 01/05/2017 8:00:47 AM PST by Leaning Right
Sears Holdings will sell its Craftsman tool brand to Stanley Black & Decker for about $900 million, the companies announced Thursday.
The deal will provide another cash infusion for Sears, but it comes at a cost broadening distribution of the well-known brand gives consumers one less reason to choose to shop at the struggling Hoffman Estates-based retailer.
(Excerpt) Read more at chicagotribune.com ...
They think they can make it on clothing sales, home goods and appliances. Which just tells you how clueless management really is.
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