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View Full Version : Kmart Buys Sears



Too_Many_Tools
11-17-2004, 06:51 PM
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041117/ap_on_bi_ge/kmart_sears_merger_13

Comments?

Wonder how this will affect their tool offerings?

TMT

Spin Doctor
11-17-2004, 06:57 PM
Like the really schlocky time travel movie that I can't remember the name of says "Shop Smart, Shop S-Mart" Don't be suprised if you see the Craftsman brand get spun off on its own along with possibly Kenmore

Hot&CoaledForge
11-17-2004, 07:09 PM
Maybe Sears' tools will become the 'Kraftsman' brand... with a big red K.
That's an interesting link... all the other reports I've read/heard have played up how Sears will be running the show.
- Jim

CCWKen
11-17-2004, 07:23 PM
Report I heard on the radio was that Sears bought Kmart. I don't see how Kmart could buy anything. Didn't they file chapter 11 last year? Kmart has closed about 8 stores up in the big city (San Antonio).

Maybe that's what Kmart had to do to flash a bank roll though.

Just heard on the news it WAS Kmart that bought Sears.... What next? http://bbs.homeshopmachinist.net//frown.gif

[This message has been edited by CCWKen (edited 11-17-2004).]

gvasale
11-17-2004, 07:28 PM
Other places already sell "Craftsman" brand tools.

nheng
11-17-2004, 07:30 PM
Kmart stock goes from $15 (post bankruptcy) to $101 yesterday. Smells a bit to me. I hope that what's left of Sears good name is not diluted even further.
Den

captainkirk
11-17-2004, 08:07 PM
Sears has a good name?
Yeah that ought to make Sears more competitive add the "Blue Light Special"
Take two non competitive on the way out department stores and combine them and what do you get?
One big large non competitive department store no one is going to shop in.
Big waste of time and money in an attempt to get back into the top. Let the layoffs begin!!!!!
Close both stores and invest the money thats left over into something with a future.
By the way whatever happened to Roebuck?

sandman2234
11-17-2004, 08:50 PM
Heard Roebuck took his money and ran, because he didn't like the way things were going. That was years ago...
David from jax

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Have gun, will travel.

wierdscience
11-17-2004, 09:28 PM
I haven't set foot in a Kmart in 20 years or better,a Sears in at least two years,so no It won't affect me.
Plus I'm not into the Martha Stewart prison stripes collection http://bbs.homeshopmachinist.net//biggrin.gif http://bbs.homeshopmachinist.net//biggrin.gif

Jaymo
11-18-2004, 10:53 AM
Evil Dead 3: Army of Darkness.
Another good quote was, "This is my BOOM stick!"
For some reason I really like those Evil Dead movies.

dsergison
11-18-2004, 12:08 PM
Hail to the king, Baby!

LMAO!

fixxit
11-18-2004, 01:00 PM
Heard an interview on NPR's marketplace radio program last night. The person basically said there was no way they could successfully compete with WalMart, HomeDepot and Lowes.

The purchasers are going to sell off realestate and assets to cash in on whatever they could get, maximizing the return for the shareholders. (Which is what the modern corporation is "supposed" to do.)

No thought about the thousands of employees. http://bbs.homeshopmachinist.net//mad.gif

HTRN
11-18-2004, 06:18 PM
I have a special place for the hatred I have of Walmart. They are directly responsible for the current gutting of Rubbermaid. Rubbermaid used to be THE name in pails and containers, now most of it is made in China. All because of Walmart. This took less than ten years folks! If you want to see more of why Walmart is bad for America, try to catch the frontline special they did on Walmart the next time it reruns...

If Kmart/Sears were smart, they would take the high road and sell QUALITY merchandise instead of the cheap junk of walmart. It will cost more and make less, but I think its really the only option for long term survival.

HTRN

Space
11-18-2004, 06:20 PM
Sound like an ex employee?

HTRN
11-18-2004, 06:54 PM
No.

I did work in Kmart for a couple of weeks as a temp for Christmas about 15 years ago, though.

I'm pissed at them for selling America down the river just so they can line their own pockets.

Do you know why Walmart pushs the cheap crap? because it has much higher markups. An example used by frontline was Electric Razors. An American made Electric razor might have an 18-20% markup. A cheap chinese POS typically will have a 80-100% markup. They went into Walmarts whole marketing strategy. Alot of the stuff in Walmart isn't the cheapest there compared to other retailers. What they do is lure you in with the cheapest product in the line, say Microwaves, which might even be sold at a loss. but the idea is to get you looking at microwaves in their department. While the lowest price microwave in their department might be the lowest in town(and advertised as such! Making consumers think that all the microwaves are at the lowest prices in town), the middle to high priced ones probably aren't.

Walmart also sided with the chinese TV makers against a Thomson TV plant in a "Dumping" suit. It was fairly obvious what the Chinese manufacturers did, but rather than act properly horrified, Walmart sided with them.(BTW Thomson won the suit!)

HTRN

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This Old Shed (http://http:thisoldshed.tripod.com/enter.htm)

jfsmith
11-18-2004, 07:20 PM
I heard that K Mart is making more from renting out some of their properties than the stores would bring in. Locally, Iron Pony just opened up in a former Big K Mart store.

I haven't been thrilled with the brands from K Mart or Sears in recent times, but will K Mart honor Craftsman lifetime warranty? Or will that fade away also?


Sears used to sell lots of tools , not just the basic home tools or mechanics sets. Now they sell stuff that isn't any better that HF, probably made in the same factory.

Jerry

pete913
11-20-2004, 09:26 AM
Can anyone count how many times Sears has gone bankrupt or been reorganized over the last , oh say 30 yrs or so? I never saw the big attraction to Sears tools. Their wrenches are big clunky things that don't fit into tight spots, most of their pliers are gimmicky el cheapo stuff stamped outta laminated sheet steel ( it does NOT make it stronger btw) and their power tools are and have been a joke for years. About the only good thing I can say for Sears it that they made Bob Villa enough money to finally get that THING removed from his forehead. Kmart didn't get much there.

snowman
11-20-2004, 04:44 PM
Ya know, my dad bought a set of wrenches many many moons ago (when he was still in high school) from sears. Still uses them quite a bit. Bought a set of sockets from Kmart about eh same time...still uses them.

I buy a set of wrenchs and sockets from sears three years ago, and half of them are broken now (guess I ought to get them warranteed out before they close the doors).

Quality product keeps people coming back, I'll never make another purchase at Sears again though...for anything. Still buy clothes at Kmart once in a while.

Now I buy most of my tools from the snap on guy or the local hardware store. They still sell quality steel products.

-Jacob

snowman
11-20-2004, 04:47 PM
Oh yah...wont even buy a pack of gum at Walmart...I despise wallymart.

Anybody see the wallmart episode on South Park...It wasn't too far off from reality.

-Jacob

BillH
11-20-2004, 05:23 PM
Walmart sells a lot of stuff below their own costs just to get customers in the store, no one can compete with that!

hoffman
11-20-2004, 07:25 PM
I like craftsman hand tools but home depot/lowes have given them some competition. The last set of craftsman flare nut wrenches (I call em "line" wrencher) didn't fit well at all and rounded off some fittings. I have a set of kobalts that are spot-on. Of course matco/snap-on/mac make better stuff but it's rather spendy...

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Hoffman in Warner Robins Ga

uncrichie
11-20-2004, 09:38 PM
As a matter of fact I called the local Sears store today (what a mistake). On my 3rd try of the day I actually got a person in the work wear clothing department. Q- do you sell Carhartt coats and jackets. A- yes we have work clothes. Q- do you have the Carhartt Detroit flannel lined jacket. A- yes we have mens work clothes. Q- Can you check to see if you have the Detroit model jacket. A- yes we have brown Carhartt coats. Need I say more. Uncrichie...

catman
11-21-2004, 01:44 AM
Even the snap on tools have been less than impressive lately. Many of the new ones that I have purchased lately say made in china on them.

Many of the heavy mechanics that I work with say why bother with the expensive tools, they rather just get HF throwaway tools.

charlie coghill
11-21-2004, 10:24 PM
If you have some time to kill go into Sears tool dept and ask the sales person to explain how they get 2.5 hp from a 2hp. motor. I did that to a cute sales gal (just wanted to talk to her). She admitted that she did not know but did ask some other employs. The BS that the other people gave her, I actually felt sorry for the lady. http://bbs.homeshopmachinist.net//mad.gif
Charlie

wierdscience
11-21-2004, 10:53 PM
<font face="Verdana, Arial" size="2">Originally posted by catman:
Even the snap on tools have been less than impressive lately. Many of the new ones that I have purchased lately say made in china on them.

Many of the heavy mechanics that I work with say why bother with the expensive tools, they rather just get HF throwaway tools.</font>
Yep,we have several offshore companies that buy everything they can in China wrenches,its hard to break a 2-1/2" end wrench reguardless of where it's made.Plus they tell me the tool bill is less than what replacements for things not covered under warranty(theft,dropping over the side,etc)we had one bragg they tried hard to break a 3" wrench and couldn't do it.

As for the Snap-on name on China tools,NAPA started it,the store here in twon was selling the big China end wrenches with a big American price on them,$58.00 for a 2" where we charge $15.00 for the exact same thing.

Thats the one thing that does get me po'ed,American companies selling Chinese tools for American prices.Look close before you buy.

ben78
11-23-2004, 01:00 AM
<font face="Verdana, Arial" size="2">Thats the one thing that does get me po'ed,American companies selling Chinese tools for American prices.Look close before you buy.</font>

I hear you - one of my biggest peeves here in Australia is exactly that problem!! Only worse, because Australian made tools are insanely expensive compared to American tools...

Although mechanic type tools can be had for *reasonable* prices, I just can't see why I should have to pay $487usd for something that I can buy at HF for $70usd just because I happen to live in a country that doesn't have a huge population, they all come from the same factory in china...

I cherish my Sutton adjustable reamers though, even if they are 50 years old...