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Stanley Black & Decker

Sears Holdings takes action to stabilize financial footing

Sears Holdings takes action to stabilize financial footing

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 nonprofitable Kmart and Sears stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500

Newell Brands sells tool business for $1.95 billion

Newell Brands sells tool business for $1.95 billion

HOBOKEN, N.J. — As part of its recently announced growth strategy, Newell Brands Inc. plans to sell its tool brands to Stanley Black & Decker in a $1.95 billion deal. Newell said Wednesday that the agreement includes its Irwin, Lenox and Hilmor brands. The company is retaining its Dymo Industrial labeling business, which was reported