Kobalt tools at Lowes, Clearance |
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Kobalt tools at Lowes, Clearance |
gandalf_025 |
Mar 28 2019, 12:05 PM
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#1
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Senior Member Group: Members Posts: 1,456 Joined: 25-June 09 From: North Shore, Massachusetts Member No.: 10,509 Region Association: North East States |
My local Lowe’s is clearancing out most of if not all of their Kobalt tools.
Seems like Lowe’s has made a deal with Stanley Tools, who bought the Craftsman tool line from Sears. I walked in the other day and bought this kit for 30.00 and it will fit nicely in the trunk... Only thing is it only goes to 17mm on the wrenches.... Last price marked on this kit was 122.00, so 30 bucks isn’t a bad deal.. No idea how fast they will sell out, but I’d bet every Lowe’s is doing the same thing.. |
Grelber |
Mar 31 2019, 04:25 PM
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#2
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Insert favorite Don Rickles joke here. Group: Members Posts: 690 Joined: 30-May 06 From: McKinney, Texas Member No.: 6,107 Region Association: Southwest Region |
Just got back from vacation and saw this thread. I retired 3 years ago, and didn't want to sit at home, so I went to work at Lowes. I'm the Tools/Hardware Department Manager, so this thread hits home.
So: * Lowes is cutting about 90% of the Kobalt products for Craftsman. It's a rolling debut, so not all stores will have everything on clearance at the same time. * We dropped the sponsorship of Jimmy Johnson for all but a couple of races, de-emphasizing the Kobalt brand ( it was costing nearly 25 million a year for this.) * A little known fact is that Lowes will deal on clearance products, so don't be shy about offering a lower price ( if it's clearance ). They may say no, but in my store I'll deal just to clear the stuff out. * As part of the deal, Stanley agreed to bring most of the production back to the US. They will mostly be made in the Stanley factories. * A lot of the Craftsman power tools are the Dewalt line, painted red. * Walmart wanted the line, but Stanley wanted a more tool-centric retailer, hence Lowes. * Lastly, did you know that Stanley, Black and Decker, Porter Cable, Dewalt and Craftsman are all the same company ( same ownership)?? |
maf914 |
Apr 1 2019, 05:32 AM
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#3
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Not a Guru! Group: Members Posts: 3,049 Joined: 30-April 03 From: Central Florida Member No.: 632 Region Association: None |
Just got back from vacation and saw this thread. I retired 3 years ago, and didn't want to sit at home, so I went to work at Lowes. I'm the Tools/Hardware Department Manager, so this thread hits home. So: * Lowes is cutting about 90% of the Kobalt products for Craftsman. It's a rolling debut, so not all stores will have everything on clearance at the same time. * We dropped the sponsorship of Jimmy Johnson for all but a couple of races, de-emphasizing the Kobalt brand ( it was costing nearly 25 million a year for this.) * A little known fact is that Lowes will deal on clearance products, so don't be shy about offering a lower price ( if it's clearance ). They may say no, but in my store I'll deal just to clear the stuff out. * As part of the deal, Stanley agreed to bring most of the production back to the US. They will mostly be made in the Stanley factories. * A lot of the Craftsman power tools are the Dewalt line, painted red. * Walmart wanted the line, but Stanley wanted a more tool-centric retailer, hence Lowes. * Lastly, did you know that Stanley, Black and Decker, Porter Cable, Dewalt and Craftsman are all the same company ( same ownership)?? Ron, Thanks for posting this. The cutback in Kobalt tools is what I am most aware of. I am not sure I like it, but I guess someone in the Lowes chain of command decided the Craftsman name had more value than Kobalt. |
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