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.
At Milwaukee Tool’s yearly New Product Symposium (NPS) media event in May of 2018, the tool manufacturer was excited to announce what they call “The Next Breakthrough.” Harnessing the latest battery technology, Milwaukee launched the supercharged – and supersized – 18-volt 12.0ah battery, which they have promised will provide 50% more power, run 50% cooler, and provide 33% more runtime versus their previous most powerful battery, the HD9.0.
Craftsman tools have been an American tradition since the 1920s. Like many families, I grew up watching my father and grandfather work with Craftsman tools and my very first set of tools was from the same brand. In the midst of Sears’ colossal and current downfall, the iconic tool brand was sold to Stanley Black & Decker (SBD), who also owns DeWALT, Lenox, Porter Cable, and Stanley, among others, in early 2017. A couple months later, that sale was finalized.
I’ve seen a lot of giveaway contests for tools over the past few years, including several that we’ve done one Construction Junkie, but the contest that Bosch announced this morning is one of the biggest ever. 2,000 people are going to be given the chance to win The Freak, which is Bosch’s two-in-one impactor that combines a ¼” hex impact driver and a ½” square driver impact wrench.
After heavily focusing on the mechanical trades for years, Milwaukee Tool has made a concerted effort to attract carpenters and remodelers to their constantly growing M18 battery platform. The tool manufacturer has introduced cordless miter saws and nail guns in recent years. They also announced several more carpentry tools are on their way at their yearly New Product Symposium event in May, including a new D-handle jig saw, a table saw, and an updated 7-¼” circular saw.
One of the most highly versatile and useful pieces of equipment on any construction site is a compact loader, also known as a skid steer, or “Bobcat.” They're also the piece of equipment most often stolen from jobsites, due to their size and availability. There’s an inherent choice you have to make when choosing a compact loader, however, and it can make all the difference: tracks or wheels?
OSHA's new crystalline silica dust exposure regulations officially went into effect on September 23, 2017. Over the past 10 months, there has been plenty of confusion about the lung disease causing material. In the first 6 months after the effective date, OSHA's inspectors yielded 116 violations across the country.
Proper lighting is one of the most overlooked things on a construction site. Sure, most sites have some overhead lighting, but with a minimum of only 5 loot candles required by OSHA in general construction areas, there’s a lot left to be desired. Milwaukee Tool is, by far, the leader in the construction lighting category based on shear volume and quality of their lighting solutions.
Each year, Milwaukee Tool invites members of the media to join them at their annual New Product Symposium (NPS). At NPS, the company shows off most of the new tools they will release throughout the year and shares their most exciting news. At last year’s event, Milwaukee previewed that big things were planned for the 2018 show.
Did they deliver? We were in attendance at NPS 2018 just a couple weeks ago to find out. Below are the what we thought were the 7 biggest storylines of the even...