I am not in Sears. Not pumping it either, except that we still buy tools for our company there.. But quality of them is noticeably poorer than it once was...
Besides of all major retailers, JCP just reported and they actually came out better overall than all of them if you read entire release and filings... Future looks good there IMO. Seeing what happened to SHLD this week and Lampert himself being Hedge Fund Mgr, now early am report from PEOTUS Trump, this craftsman deal will be stopped if they do as I expected- move mfgr altogether out of USA... That IMHO is only way B&D cane make the $900Million buy work, as B&D et al if you remember all were in BK few years back so merged like SHLD did to try to survive. Now Craftsmans cannot be made out of USA cheaply which is what B&D was hoping in my mind. B&D is crap tools and any professional knows it!
>>>>>>
Wall Street Market Wire::
Struggling Sears Holdings Corp. has bought itself some breathing room through maneuvers that include the sale of its Craftsman brand for $900 million and the closure of 150 additional stores.
The moves this week coupled with the injection of $1 billion in loans from its controlling shareholder and chief executive, Edward Lampert, helped Sears's shares climb off recent lows and reassured suppliers, who had grown increasingly uneasy over the retailer's prospects.
"Vendors had gotten really spooked," said Gary Herwitz, a managing director of CoMetrics Partners, which advises companies that supply goods to Sears. "But now it seems that Sears bought themselves another year."
