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A couple of years ago, as they were emerging from bankruptcy, K-Mart bought Sears outright with some of the cash they'd gotten from closing stores.
Just the oppisite.....Sears bought K-mart. K-mart is now a Sears Holding operation. Although it was more of a mutual agreement, Sears is the majority stock holder. This was a move for both entities to stay in business against the big wally.
I have Craftsman tools, however, be careful if you return one. I returned a 3/8 ratchet and they handed me a replacement that had a notch ground into the handle. I refused it and they handed me one with some guys name etched on it. Finally demanded a new one, but they didn't like it. JME
Just the oppisite.....Sears bought K-mart. K-mart is now a Sears Holding operation. Although it was more of a mutual agreement, Sears is the majority stock holder. This was a move for both entities to stay in business against the big wally.
Interesting responses to this post. Most people seem to go for Craftsman. I would probabely agree with the professionals about Snapon, or other pro tools, but as a weekend mechanic, Craftsman seem OK. I "Am" a professional carpenter ( local 620 in NJ), and I know that for myself on the job, I get the best because I use them every day. You do get what you pay for, but for an average guy Craftsman have only failed me once ( a ratchet handle), over the years, and they seem like a reasonable mid-point choice.However, their electric power tools ( woodworking that is) aren't worth $.02.
Unfortunately, my "shop" hobbies are about as addicting as modding my Vette, and modding the Vette only feeds the shop hobbies and creates a need for more tools - it is an endless circle - Mods need doing, need tools to do the mods, etc . . .
That said, I kind of treat my tool "collection" in a fashion similar to my Vette and I have become VERY picky in what I buy - I have found that once you start buying Snap On, it becomes addictive, and suddenly you don't want anything less. Not that Craftsman isn't good, but it isn't as good as Snap On. And, I've found that I can get used Snap on Tools for about the same price as new Craftsman tools if I watch auction sales (anther hobby) and ebay, etc . . . And besides, I've got a HUGE Snap on Box (weighs 900 lbs empty) and it just doesn't seem right to fill it with less than Snap On.