Re: CRAFTSMAN TOOLS

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Posted by Mower on December 22, 2018 at 11:00:33 [URL] [DELETE] :

In Reply to: Re: CRAFTSMAN TOOLS posted by steveVa on December 19, 2018 at 23:41:18:

"The sale of Craftsman Tools was the first sign of the slow death of Sears. "

Not even close. The first sign of the "slow death of Sears" was when Eddie Lampert-then the chairman of Kmart-bought and took over Sears and combined them to create Sears Holdings. He is a retail CEO with zero retail experience and was a better speculator than manager. In 2008 he split the company into 30 divisions that all competed against each other-often acting like separate companies. Duplicate management, duplicated boards, and an in-house profit metric that led to each division trying to cannibalize the other divisions.

From 2011 to 2016 the Sears Holdings lost $10.4 billion. In 2014 its total debt surpassed its market cap-the sale of Craftsman tools didn't take place until 2017 and was a result of the "slow death of Sears"; far from the "first sign". It is a clear sign that the Sears brands are more valuable being sold in pieces-I wouldn't be surprised to see the Kenmore and Diehard brands sold off as well.


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