{"id":114058,"date":"2017-01-05T10:59:02","date_gmt":"2017-01-05T16:59:02","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=114058"},"modified":"2017-01-05T16:28:31","modified_gmt":"2017-01-05T22:28:31","slug":"sears-sells-craftsman-brand-to-stanley-bd","status":"publish","type":"post","link":"https:\/\/csinewsnow.com\/?p=114058","title":{"rendered":"Sears sells Craftsman brand to Stanley-B&#038;D"},"content":{"rendered":"<div>\n<p><a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2017\/01\/StanleyBlackDecker-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-114103\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2017\/01\/StanleyBlackDecker-1-300x202.jpg\" alt=\"stanleyblackdecker\" width=\"300\" height=\"202\" srcset=\"https:\/\/csinewsnow.com\/wp-content\/uploads\/2017\/01\/StanleyBlackDecker-1-300x202.jpg 300w, https:\/\/csinewsnow.com\/wp-content\/uploads\/2017\/01\/StanleyBlackDecker-1-260x175.jpg 260w, https:\/\/csinewsnow.com\/wp-content\/uploads\/2017\/01\/StanleyBlackDecker-1.jpg 445w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>NEW YORK (AP) \u2014 Sears is selling its well-known Craftsman brand to Stanley Black &amp; Decker Inc., which plans to grow the tool brand by selling its products at more stores.<\/p>\n<p>Currently, only 10 percent of Craftsman products are sold outside of Sears-owned department stores. Sears will continue to sell Craftsman products at its stores, including Kmart and Sears Hometown.<\/p>\n<p>Stanley will pay about $900 million for Craftsman, which includes $525 million when the deal closes this year, $250 million after three years and a percentage of sales for 15 years. After 15 years, Sears will start paying Stanley 3 percent of the Craftsman sales it makes.<\/p>\n<p>Shares of Hoffman Estates, Illinois-based Sears Holdings Corp shares rose 7.5 percent to $11.14 before the stock market open Thursday.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (AP) \u2014 Sears is selling its well-known Craftsman brand to Stanley Black &amp; Decker Inc., which plans to grow the tool brand by selling its products at more stores. Currently, only 10 percent of Craftsman products are sold outside of Sears-owned department stores. Sears will continue to sell [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":114101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-114058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/114058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114058"}],"version-history":[{"count":3,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/114058\/revisions"}],"predecessor-version":[{"id":114104,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/114058\/revisions\/114104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/114101"}],"wp:attachment":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}