Sears selling Craftsman!!!

[StormRichards]

also reviewing its Diehard and Kenmore brands for potential sale.

Stock jumped on the news but I wouldn't touch that stock with a 10 foot pole

http://www.msn.com/en-us/money/companies/sears-to-sell-craftsman-for-dollar900-million-as-it-seeks-cash/ar-BBxVzJJ

[rennigade]

Craftsman was the only thing I thought of when I thought of sears. Now they have nothing going for them. Goodbye sears.

[97guns]

I read a report that 2017 will be a year of retail closures, buyouts and reshuffling, Macy's announced they will be closing up to 100 stores and cutting jobs. Everyone has to get leaner and meaner just for survival

[StormRichards]

I read a report that 2017 will be a year of retail closures, buyouts and reshuffling, Macy's announced they will be closing up to 100 stores and cutting jobs. Everyone has to get leaner and meaner just for survival

JC Penney's is another dog. When a store mails out coupons for $10 off a $10 purchase then you know they are desperate.

[msomnipotent]

Even Craftsman has gone downhill. I started buying Kobalt from Lowes because Craftsman added a lot of plastics once they moved to China.

Most of the department stores can disappear and I wouldn't notice. I hate JC Penney. They go out of their way to screw up my order every Christmas. Thank God no one wanted something from them this year, or they would be getting a gift card. Kohls is another one on my hit list, but I might buy their stock once the smoke clears. They have a lot of work ahead of them.

[StormRichards]

Even Craftsman has gone downhill. I started buying Kobalt from Lowes because Craftsman added a lot of plastics once they moved to China.

Most of the department stores can disappear and I wouldn't notice. I hate JC Penney. They go out of their way to screw up my order every Christmas. Thank God no one wanted something from them this year, or they would be getting a gift card. Kohls is another one on my hit list, but I might buy their stock once the smoke clears. They have a lot of work ahead of them.

For the life of me, I don't know why anyone would ever shop at Kohl's without a 30% off discount. Their prices are insane. When we get their promotion in the mail, we peel the sticker and toss it if it isn't 30%. And even then it is rare we buy anything that isn't on the clearance rack.

[rennigade]

Even Craftsman has gone downhill. I started buying Kobalt from Lowes because Craftsman added a lot of plastics once they moved to China.

I havent bought craftsman in a while but I do have a lot of craftsman tools...and I really like them. Ive heard the quality has gone downhill.

[msomnipotent]

For the life of me, I don't know why anyone would ever shop at Kohl's without a 30% off discount. Their prices are insane. When we get their promotion in the mail, we peel the sticker and toss it if it isn't 30%. And even then it is rare we buy anything that isn't on the clearance rack.

I have noticed that even with the 30% off, the same item might be cheaper the week before. I tried looking up the article I read earlier this year about pricing schemes. Every other department store denied doing it, except Kohls was just like, "Yeah? So?". But I found that that they are now being sued with the rest of them.

http://money.cnn.com/2016/12/09/pf/price-scheme-jcpenney-kohls-sears-macys/

Ever wonder just how good that sale price is?
Turns out, some deals might not be as good as they look.
The Los Angeles city attorney is suing four major retailers over claims that they deliberately inflated the original price on some items that misled customers into thinking they were getting a better deal.
"Customers have the right to be told the truth about the prices they're paying -- and to know if a bargain is really a bargain," said Mike Feuer, city attorney for Los Angeles, in a release.
Feuer filed lawsuits against JCPenney, Kohl's, Macy's and Sears.
Related: When 20% off your purchase is a bad deal
The lawsuits allege that the "misleading and deceptive false price advertising scheme" played a major role in the stores' marketing strategies, and that the companies used false reference prices on "thousands of products."
For instance, the lawsuit against Sears (SHLD) alleges it advertised a front-load washer with a false original price of $1,179.99, but the retailer never offered the item for more than $999.99 online in the roughly six months after it was first made available online for purchase.
The claim against Macy's (M) alleges it misleadingly offered a cross pendant necklace at 75% off. The lawsuit claims the necklace was first made available to purchase online in May for $30 with an original price of $120. However, it's never been priced above $30 in the five months that followed, according the claim.
Related: Sears and Kmart store closings and losses mount
All four retailers declined to comment on the pending litigation.
California law prohibits retailers from advertising a price of an item unless it's actually been on the market at that price within the last three months or the date when it was being sold at that price is made clear to shoppers.
Feuer is seeking injunctions to stop the retailers from continuing to advertise false reference prices along with a civil penalty of up to $2,500 for each violation.
The lawsuits claim that inflating the original price of items impacts consumer behavior since it can give a false perception of a sale's value.
False prices are also an unfair method of competition, according to the lawsuits, since they can hurt competitors who sell the same or similar products with correct list prices.

[rennigade]

For the life of me, I don't know why anyone would ever shop at Kohl's without a 30% off discount. Their prices are insane. When we get their promotion in the mail, we peel the sticker and toss it if it isn't 30%. And even then it is rare we buy anything that isn't on the clearance rack.

If you have a discover card kohls has been giving $10 off coupons for the past 8ish months at least. We have 2 discover cards so that adds up. Each month my wife buys my nephew clothes/gifts for birthday/xmas/etc.

https://slickdeals.net/f/9635280-back-again-for-jan-discover-card-holders-10-kohl-s-cash-in-discover-deals-exp-02-05-17-discover-card-holders-10-kohl-s-cash-free-10-ymmv

[bjl584]

I heard this. They sold it off to Stanley. Eddie Lampart is running out of assets to dump off. I guess it's true that he can't run a retail company. He saw the value in the real estate that Sears/Kmart owned, which is what his background is in, but when it came to actually running a retail based company he gets an "F".

I wouldn't be shocked if all of their brick and mortar stores close within the next few years, and they shift to either an exclusive online presence or they try to brand household items and appliances with the Kmart/Sears logo and sell them via other retail outlets. I can easily envision a Sears branded washing machine or Sears branded tools on display at a Home Depot one day.

[creditcardfree]

I only go into a Sears store to buy Lands End clothes once a year. I can buy online if they go away. I refuse to buy anything from the rest of the store or Kmart. Awful stores all the way around.

[97guns]

When these large big box brick and mortars close down it takes another very large retail company to come in and fill that retail space, very hard to find a tenant for such a large building

I have a Walmart 1 mile away from me that closed down and the building has been vacant for over 2 years

[StormRichards]

When these large big box brick and mortars close down it takes another very large retail company to come in and fill that retail space, very hard to find a tenant for such a large building

I have a Walmart 1 mile away from me that closed down and the building has been vacant for over 2 years

There was a shopping center near my house that was vacant for close to 10 years. "Hills" was the anchor store along with some small businesses.

[bjl584]

When these large big box brick and mortars close down it takes another very large retail company to come in and fill that retail space, very hard to find a tenant for such a large building

I have a Walmart 1 mile away from me that closed down and the building has been vacant for over 2 years

There was an old Walmart near me. It closed up maybe 10 years ago due to a brand new Super Walmart opening up the street. The building sat vacant for years before finally being converted to a strip mall. There are 5 or 6 businesses occupying the space today.

[cypher1]

How am I supposed to warranty out my tools that break? Ship them out? There goes the convenience of swapping out locally.