Sears selling craftsman tool division.

[W3WN]

Sears I suppose, has decided that it is against their policy to sell anything but the worst shit possible so just drop the one thing left that still stood for "some" thing. Quarterly profits over long term longevity. That is what caused the downward spiral into oblivion across the board.

It's not Sears, it's Sears Holdings, the parent (ie holding) company, that made this (very bad) decision.

Sears Holdings used to be K-Mart Holdings, the parent company of K-Mart. When they bought Sears in 2005, they changed their name, but not their philosophy.

You can't fix stupid.

Ain't that the truth!

[ka8ncr]

It's not Sears, it's Sears Holdings, the parent (ie holding) company, that made this (very bad) decision.

Sears Holdings used to be K-Mart Holdings, the parent company of K-Mart. When they bought Sears in 2005, they changed their name, but not their philosophy.


Ain't that the truth!

There is a good article on Business Insider about Sears being a dead company. Their CEO seems off his rocker, his plan was to turn Sears into a shopping club where you earned rewards and your habits, purchases and other sought after info would be sold to marketers. The guy never leaves his private island in Florida, flies off the handle and won't quit trying to turn a retailer for people who don't use the internet into an internet company.