Sears' iconic brand, Craftsman, is leaving the mothership and being bought by Stanley Black & Decker for around $900 million. This announcement comes on the heals of Sears planning to close 150 Sears and Kmart stores nationwide this year. The deal for the 89-year-old Craftsman brand allows Stanley Black & Decker to manufacture and sell Craftsman products in non-Sears stores. Sears will also continue to sell the Craftsman brand in its dwindling retail stores.
Stanley Black & Decker CEO James Loree in a statement said "We intend to invest in the brand and rapidly increase sales through these new channels, including retail, industrial, mobile and online. To accommodate the future growth of Craftsman, we intend to expand our manufacturing footprint in the U.S. This will add jobs in the U.S., where we have increased our manufacturing headcount by 40 percent in the past three years."
We love to hear about jobs being created, but it is still yet to be seen how many jobs will be lost from Sears due to the selling of Craftsman and what happens to those Lifetime Warranties. One of the major selling points of Craftsman is the lifetime warranties and quality that the tools offer. or used to offer. Stanley Black & Decker already owns and operates DeWalt, Porter Cable, Mac Tools, and some others, so it will be interesting to see how all the brands will play nice with each other after another tool icon joins the ranks.
Craftsman has been dabbling in more technologically advanced tools recently, even exhibiting a Bluetooth riding lawnmower and a Bluetooth smart lock tool storage chest at CES 2017, according to CNET. The new Craftsman smartphone app will connect to the mower to allow the user to track maintenance concerns and allows the user to search for and order replacement parts. The app will also be able to lock and unlock the smart tool chest if you'r in Bluetooth range. Users can still use a key to lock and unlock the chest, but it shows the brand is still attempting to innovate.
I’m a firm believer that before robots start taking over construction jobs, we’ll first be working with robotics to make workers more efficient and our job sites more functional. Instead of using 3D printing robots to build an entire project, why not use them first to create intricate details and bring character back to buildings? Instead of pushing human labor out of the way, why not use robotics to enhance the abilities of our workers, to improve their health and productivity? With rise in development commercial exoskeletons, workers will soon be able to harness additional strength by just slipping on a suit.
Two of the most critical concepts of construction safety are the ability to see what you’re doing and to also be seen by others around you. Construction workers rely heavily on their employer providing lighting systems when working in low light conditions, but those systems are not always adequate.
The world’s first 3D printed excavator was not the only piece of construction equipment to hold that title at this year’s CONEXPO-CON/AGG in Las Vegas. LiuGong, an international construction equipment manufacturer founded in China, also unveiled the world’s first vertical lift wheel loader at the event.
In 2015, Milwaukee released their robust smart tool management platform, ONE-KEY. The smartphone and web application allows users to not only keep data of their tools spread across different users and jobsites, but it also offers tool customization and tool tracking, for tools that are enabled with ONE-KEY. Earlier this year, the platform got a major upgrade with the release of added tool security, which allow users to hide tools, lock the trigger or footpad, or completely render the tool useless remotely if lost or stolen.
Read on to find out how you can win a free (4) pack of Milwaukee TICK ($99 Value)
The Bosch REAXX Jobsite Table Saw has been on a bit of a roller coaster ride since it was announced in 2015. SawStop, the first company to market with a table saw that detects flesh and stops the blade, filed a lawsuit against Bosch for patent infringement in mid-2015. That lawsuit delayed the release of REAXX to 2016, a year after the company planned to release it. The ruling in that case has put another speed bump in the rollout plans for Bosch.
The Consumer Product Safety Commission has announced a recall of a Craftsman portable table saw, sold exclusively by Sears Holdings from April 2014 to October 2016 for around $200. The specific saw was manufactured in China by Rexon Industrial Corp, Ltd. of Taiwan.
With Sears and Kmart stores slowly closing across the country, Sears Holdings had to sell off their longtime brand of tools, Craftsman to generate cash flow. The buyer turned out to be Stanley Black & Decker (SBD), who also runs DeWalt, Black + Decker, Porter Cable, Bostitch, and others. Late last week, their deal to purchase the tool icon was officially finalized.
An acquisition of Interline, a home repair and maintenance products firm, and a 2 year trial run of delivery services has positioned The Home Depot (THD) to begin offering same day deliveries for professionals.
Daqri, an augmented reality technology company, made waves throughout the industry when they released the heir apparent to the trusty hard hat last year. The Daqri Smart Helmet is part head protection, part computer and is littered with sensors and gadgets that can make a construction job site completely interactive. The helmet puts 3d models, plans, and even a thermal imaging camera on your head and overlays that information onto your real life project. At 3.3 pounds, the helmet is a pretty hefty object, so that’s one of the reasons the company decided to create a lighter, more mobile version of their technology in the form of Smart Glasses.