Date: Sat, 10 Nov 2012 08:35:27 -0600
Reply-To: mcneely4@COX.NET
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Dave Mcneely <mcneely4@COX.NET>
Subject: Re: Craftsman Tools, Ace Hardware
In-Reply-To: <509E465F.4040702@cfu.net>
Content-Type: text/plain; charset=utf-8
---- Max Wellhouse <dimwittedmoose@CFU.NET> wrote:
> A couple of points to make
>
>
> 4. I do hope Sears survives, as their professional grade screwdrivers
> arethe bomb!!!
Sears seems to have figured that out. Sell the screw drivers through successful retail outlets not named Sears. mcneely
>
> DM&FS
>
> "On 11/9/2012 6:55 PM, Jim Felder wrote:
> > I wouldn't worry about the quality of craftsman tools, it's one of the few
> > things sears has going for it. The problem is, they have not been able to
> > translate their Craftsman brand loyalty into traffic that buys anything
> > else inside the store. People who want Craftsman stuff walk in, buy a tool,
> > and walk out without visiting the ready-to-wear department, the home
> > entertainment department, or the appliance department to name three. The
> > big box specialty retailers are now doing to them what they did tofemalethe mom
> > and pop stores two generations ago. JC penney is on the skids as of today.
> > I agree with what Ron says, expect a filing for bankruptcy by Sears soon
> > and hope you can still buy craftsman stuff at Ace and Kmart. Sad, but the
> > department store business model isn't working anymore for most everyone.
> > There are a few exceptions, but it probably won't be enough to keep a
> > corporate chain of stores alive. It is a shame because I have always found
> > Craftsman to be a reasonably priced, high quality (in most cases) source of
> > tools. I have some great Craftsman stuff I have had for almost fifty years.
> > I guess their problem is that I still have it!
> >
> > Jim
> >
> > On Fri, Nov 9, 2012 at 6:10 PM, The Bus Depot <vanagon@busdepot.com> wrote:
> >
> >>> I now see Craftsman branded tools at Costco and now others mention Ace.
> >>> And I think I have seen Craftsman tools other places?
> >>
> >> Sears Holdings (which also owns Kmart) is in serious financial trouble.
> >> Their stores have been underperforming for years, and in many cases they
> >> could actually make more money subletting the leases than they make
> >> operating them as retail stores. They are hoping to expand their brand
> >> reach
> >> outside of their own retail locations as a way of stemming the red ink,
> >> since they can't seem to get bodies into their stores. Besides Craftsman
> >> they also own Kenmore, Die-Hard, and Lands End, all valuable trademarks
> >> even
> >> if their retail arm eventually fails. I would be shocked if the company
> >> makes it much past the holidays without filing bankruptcy and/or divesting
> >> significant assets. Inevitably they will either join Montgomery Ward and
> >> Gimbels as a relic from retail history, or sell their trademarks to someone
> >> else. They are a dead man walking.
> >>
> >> - Ron Salmon
> >> The Bus Depot, Inc.
> >> www.busdepot.com
> >> (215) 234-VWVW
> >>
> >> _____________________________________________
> >> Toll-Free for Orders by PART # : 1-866-BUS-DEPOT
> >>
--
David McNeely
|