Stanley Black & Decker has successfully completed its purchase of the Craftsman brand from Sears Holdings for a net present value of roughly $900 million in cash.
Sears Brands Management Corp., a wholly owned subsidiary of Sears Holdings, has tapped Permasteel to manufacture Kenmore and Kenmore Elite-branded grills and accessories.
Sears Holdings Corporation has sold the Craftsman brand to Stanley Black + Decker.
Sears Holdings announced that it will close 68 Kmart and 10 Sears stores across the U.S. this summer in an effort to "accelerate its transformation and return to profitability."
Sears Holdings has entered into lease agreements with European fashion retailer Primark for seven standalone stores in the U.S.
Sears Holdings has appointed former Tesco executive Alasdair James as president and chief member officer of Kmart.
Sears Holdings has introduced a summer 2014 women's collection from musician and “The Voice” co-host Adam Levine.
In celebration of Harley-Davidson’s 110th anniversary, the brand has teamed with Craftsman for a line of tool storage products.
Pop stars Nicki Minaj and Adam Levine will be providing behind-the-scenes access as they create their new lines for Kmart on Sears Holdings’ shopping site, ShopYourWay.com.
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