Posted on 04/18/2019 11:14:04 AM PDT by Red Badger
FWIW, Lowes now sells Craftsmen tools — maybe just old inventory.
They bought the brand. Sears can’t sue for incompetent management. They were in a death spiral when the internet came into being and they still focused on mall sales. K-Mart the same thing. Can’t fault someone who reads the writing on the wall and cleans up on a bargain.
Nope, new stock.
Sounds like something Mitt Romney would do.
I believe that I read a while ago that somebody bought the Craftsman brand.
But they just let it drag on and on. That seems to be the focus.
Sears should have been wound up along with Kmart years and years ago. They were sloppy, inefficient and had no hope of competing with Target or Wal-Mart.
Sears was on the wrong path before the Web. In the ‘80s, they kept expanding into other businesses (financial services etc) instead of improving their primary business. By 1989, Walmart had passed them.
Had Sears management done the right thing, they would be the Amazon of today, and Jeff Bezos would still be peddling used books.................
Didn’t Lampert actually keep Sears alive long after everyone else gave it up as dead?
Vampire Capitalism at its finest.
It was mutually assured destruction...............
Corporate Raiders....................
This has got to be the saddest story of all.
I agree Lampert and the others jumped the shark a long time ago with they got OUT of their core business.
Can you imagine, in the 1990s when Amazon was just an idea, had Sears gone online, it would have been the modern day version of the Sears Catalog that spread commerce through out the United States.
Sears today would be the largest company in the world.
But these idiots, had no insight.
Sears, is now only a story for Business Clsses on what NOT to do.
I worked for a company in the 80s that was in similar health and market forces at the time. 3 CEOs and their teams kept up the window dressing while each month we lost a wing or a floor in our building, for years. When all said and done we went from a happy Friday to fighting over what was left in the postage meter on Monday. Nobody wants to hear the truth.
Discover Card still exists but Sears was pressured into selling it because their competitors didn’t like the idea of Sears owning it.
How’d that work out for Sears?
It’s okay to diversify. Tell the competition not to collude.
at long last...
In 1900 Sears killed off local mercantile like swatting flies. Karma is a bitch with a long memory and thirst for arrogance.
I wonder what they will do with the Kenmore brand name, has anyone heard if someone has bought that yet?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.