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Tag Archives: big box

If Sears Goes Bankrupt, Will Stanley Lose Craftsman?

Craftsman

Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from ... Read More »

Stanley Finalizes Purchase of Craftsman Brand From Sears

Craftsman brand

Stanley Black & Decker announced it has completed its purchase of the Craftsman brand from Sears Holdings Corp. for approximately $900 million. The acquisition, which was first announced in January, gives “Stanley Black & Decker the right to develop, manufacture and sell ... Read More »

Lowe’s Virtual Reality Tool Teaches DIY Projects

virtual reality

Lowe’s recently launched a virtual reality tool in its Framingham, Massachusetts, store that provides customers with a hands-on training experience for DIY projects, reports Fortune. The new tool, which Lowe’s calls the Holoroom How To, trains users how to install tile in a bathroom ... Read More »

Ex-Lowe’s Exec Sues, Claims Racial Discrimination

Lowe's

A former Lowe’s executive—who had been a potential successor for the company’s current CEO—is alleging he lost his job due to racism. Michael Jones became chief customer officer for Lowe’s in 2014, and The Wall Street Journal reported at the time that the ... Read More »