I went to my local Ace Hardware to buy some plastic sheeting for my windows. Did sears buy them out? They had signs up all over the windows that they now carry Craftsmans tools and it was a new addition.
K-mart here also now sells Craftsman tools, along with Kenmore appliances.
As mentioned already, the same corporation owns both Kmart and Sears.
And they're both pretty much on the verge of bankruptcy. While Craftsman is a part of Sears, its kind of a separate arm of the company.
So why are Ace and Summit and other places selling Craftsman tools? My guess would be that Craftsman is going to be a separate company in the near future, when Kmart and Sears declare bankruptcy. Sears will go away, Craftsman will continue. Adding retailers will allow Craftsman to live on without Sears if it comes to that, and in the meantime directs some revenue back into Sears.
*edit*
StrokerScamp and I must have been typing at the same time
....their tools were once made in USA, too. In fact, YEARS ago, they were made by Snap On and rebranded Craftsman. A lot of people don't know that, but it's a fact.
Yeah, but they started making them cheaply in the 80's and hurt their reputation.
Nothing sucks more than breaking your tool in middle of the job and having to go exchange it (especially if your only transportation is the one you are working on and can't run till you finish)...
The financial gurus call for Sears to close in the next year.
Well I will start looking for another job. I work as a Sears Contractor.
Well I will start looking for another job. I work as a Sears Contractor.