Candlelites

Everything from Everywhere

sears sues second craftsman vendor to maintain tool supply

sears sues second craftsman vendor to maintain tool supply News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



sears sues second craftsman vendor to maintain tool supply

sears has filed its second lawsuit in less than a month against one of its craftsman hand tools suppliers, alleging that the vendor is abruptly ending its relationship and agreeing to resume it only on terms "onerous" to the struggling hoffman estates-based retailer.meanwhile, sears announced in a blog post monday that it has settled its dispute with the first supplier, one world technologies, which it sued may 15 in cook county circuit court. for more than 50 years, western forge supplied craftsman tools for sears to sell in its bricks-and-mortar stores and online. in 2010, western forge was acquired by sycamore-based ideal industries, and since july 2011, the relationship continued — until now, according to the new lawsuit sears filed monday in cook county.up until the end of april — when the agreement was set to expire — ideal and sears discussed extending the deal, the lawsuit says.but "after several weeks of assurances by ideal intended to lull sears into the belief that ideal would agree to extend the agreement, ideal abruptly informed sears that it will not agree to extend the contract beyond its term," according to the lawsuit. sears says in its suit that it told ideal in late february that it wanted to extend the deal another year. "despite giving sears numerous written and verbal assurances over the ensuing eight weeks that an extension was forthcoming, ideal waited until" april 28 to tell sears that it wouldn't extend the contract, sears alleges.ideal,...