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.
Welcome to the first edition of Tool Junkie, which will be a regularly occurring feature on Construction Junkie in 2019. It’s important for everyone in the construction industry to keep up with new tool developments, from the trades to those in charge of purchasing. Our goal is to better highlight noteworthy tools throughout the year. We’ll start with a familiar brand to our readers: Milwaukee Tool.
Almost 3 years ago, Milwaukee Tool rolled out its tool tracking application called ONE-KEY, which is available on Apple, Android, or the web. The tool manufacturer has an ever-expanding line of tools that are ONE-KEY enabled, which not only let users edit the settings of their tools through an app, but they also allow them to lock out a tool, rendering it useless in case it’s lost or stolen.
There’s perhaps no more important tool for those in the construction field than a good pair of boots. Walking, crouching, climbing, and lifting for a full day can certainly take a toll on your body, causing achy feet, a sore back, and other ailments.
Another year is about ready to wrap up as the holiday season is upon us. It’s the most wonderful time of the year, but it can be stressful for those in your life that are hard to buy for, especially those in the construction ideas. Our goal is to make that process easier for you or your loved one with our top picks for gifts every year!
The United States Consumer Product Safety Commission has announced a recall of 3 different drills manufactured by Black & Decker due to safety concerns.
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.