Stanley Black & Decker to buy CraftsmanSears Holdings plans to sell its Craftsman brand to tool giant Stanley Black & Decker for $550 million cash up front, $250 million at the end of year three, plus various annual payments. Hoffman Estates, Illinois-based Sears said the move is part of an effort to stabilize its operating performance. The struggling retailer also intends to close an additional 150 non-profitable stores – 109 of them under the Kmart banner. [Click here for the list of upcoming store closures.] Ace Hardware acquires The GrommetAfter a year-long relationship, the co-op takes ownership of the new-product incubator. First Previous 29 30 31
