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Stanley Black & Decker to buy Craftsman
Sears 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.
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Briggs & Stratton holds a photo contest
Briggs & Stratton's #GrimeToShine photo contest is an examination of the aesthetic relationship between the dirty and the power-washed.
To showcase the power of pressure washers, the company is inviting participants to share their "Grime To Shine" makeover photos for a chance to win a new pressure washer with POWERflow+ Technology, in addition to a $1,000 Lowe's gift card.
Entries are being accepted via Briggs & Stratton's Facebook, Twitter and Instagram pages using the #GrimeToShine hashtag.