Inside these posts: Craftsman

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Craftsman compressors among 460K recalled

Around 460,000 air compressors sold by Sears and other stores are being recalled voluntarily because of a fire hazard, the U.S. Consumer Product Safety Commission said Thursday.

Tennessee-based DeVilbiss Air Power Co., which makes the devices, has received nine reports of motors overheating. Three of those  included fire damage to surrounding property. No injuries have been reported, the agency said in a statement. Get the full story »

Sears chooses new head of major business unit

Sears Holdings Corp. has named company executive Scott Freidheim executive vice president and president for Kenmore, Craftsman and DieHard — key brands for the retailer. The move comes after several other key personnel announcements at Hoffman Estates-based Sears, including a new chief of home fashions and another for grocery and pharmacy. Get the full story »

Sears still a tough sell 5 years after Kmart deal

New York Times News Service | This holiday season, Sears and Kmart, which merged in 2005, are pushing a single message: Buy with layaway, buy with coupons, buy now and pay later, buy with loyalty rewards points — but please, just buy.

Five years after the merger, Sears Holdings is beleaguered, with sales markedly worse than its competitors’. The company’s revenue dropped more than 10 percent from 2005 through 2009, the most recent full fiscal year. In the same time period, Wal-Mart’s sales rose almost 31 percent, Target’s more than 24 percent and Macy’s about 5 percent. Sales at J.C. Penney declined by about 6 percent. Get the full story »

Sears to open Craftsman store in River North

Sears Holdings Corp. is opening a Craftsman “experience” store in a River North loft building at 233 W. Huron Street, a block away from it’s Kenmore Live Studio. The move is part of the company’s strategy to sell the key brand through more channels. Earlier, it struck deal to sell Craftsman tools in about 100 Ace Hardware stores. Get the full story >>