Not trying to be a ****, but I have a hard time believing 31 people were laid off as a direct result of a useless gimmick wrench being copied and sold by another company.
Not trying to be a ****, but I have a hard time believing 31 people were laid off as a direct result of a useless gimmick wrench being copied and sold by another company.
Think about it how many ppl that don't know much about tools walked threw sears and bout that instead of buying it off the TV ad. Small companies can't compete with sears.
Here's a link to the company that actually makes them: Penn United Technologies
A 550+ employee company. Nowhere near the size of Apex and Sears, but certainly not a mom and pop operation. I think they have a case, the Cman is an obvious copy, but I think they're flat out lying about the jobs to bolster their case and attempt to rally people against the Evil Big Corporationy Corporations™
Here's a link to the company that actually makes them: Penn United Technologies
A 550+ employee company. Nowhere near the size of Apex and Sears, but certainly not a mom and pop operation. I think they have a case, the Cman is an obvious copy, but I think they're flat out lying about the jobs to bolster their case and attempt to rally people against the Evil Big Corporationy Corporations™
The lawyers will stall him off in an attempt to make him go belly up. Apex tool group only made what the customer wanted. Don't see the Bain capital conection to the story as that sounds too much like an axe to grind for the story writer insted of keeping the story line on track please. Most of these multi national companies are taking order based on price not quality and it is up to customes to make choices on what they should really care about. Most of the time I but American and really like seeing people like the Loggerhead guy invent and sell things made here based on his beliefs but when you go to these big retailers you got to know they are sharks at best.
Bain Capital is not mentioned in this article at all... stop bringing that **** up!
It did mention Bain Capital buying apex the supplier of the tool for 1.6 billion
By G-D thats enough,**** sears.THEY WILL NOT GET A PENNY MORE OF MY MONEY,EVER.
Here's a link to the company that actually makes them: Penn United Technologies
A 550+ employee company. Nowhere near the size of Apex and Sears, but certainly not a mom and pop operation. I think they have a case, the Cman is an obvious copy, but I think they're flat out lying about the jobs to bolster their case and attempt to rally people against the Evil Big Corporationy Corporations™
If sears really wanted to sell it I dont under stand why they just didnt try buying the rights to it or making some kind of partnership.
Not trying to be a ****, but I have a hard time believing 31 people were laid off as a direct result of a useless gimmick wrench being copied and sold by another company.
Mr. Brown and Sears do have an agreement that the Bionic Wrench be sold exclusivley at Sears. Thats a big part if the issue here, Sears saw how good the wrench was selling then had it knocked off in China to increase profits.
Since Sears is having them produced off shore now they've reduced orders to the US manufacturer thus the loss of 31 US jobs for a little extra profit.
Copied from this article http://www.humanresourcesjournal.co...factured-in-china-and-sold-cheaply-back-home/
When Sears placed an order for the wrenches and found that they sold well, they placed an order for an additional 75,000 along with the condition that Dan Brown, the wrench’s inventor and promoter, agreed to give them a monopoly and not to sell them to Sears’s competitors, including Home Depot and Lowe’s.
However, much to the manufacturer’s astonishment, Sears shifted from selling the American model to one manufactured in China, with flouting of patent regulations and loss of American jobs, a distinct possibility, and Sears changed stance raises many questions.
I'm aware of smaller.I'd still say 550 employees is small for a manufacturing company. If sears really wanted to sell it I don't under stand why they just didn't try buying the rights to it or making some kind of partnership.

You have absolutely no justification to accuse them of lying. 31 people could easily be one shift on the assembly line that makes the tool. If orders are down, layoffs usually follow.
James

My employer lost a spot on Wal-Mart shelves to a Chinese knock-off and did indeed have to lay off employees. (We also discovered that in the long term we were better off without Wal-Mart's BS.)Not trying to be a ****, but I have a hard time believing 31 people were laid off as a direct result of a useless gimmick wrench being copied and sold by another company.
I really want to see someone use one of those damn things.