Sears Canada responds to McDonald’s resignation
Sears Canada spokesperson Vincent Power has responded to HCN’s request for comment over the departure of CEO Calvin McDonald, who sources say left over a disagreement with Sears Holding Corp. as well as disappointment with the struggling retailer’s progress.
"Mr. McDonald resigned from Sears to pursue an opportunity with a leading international company," said Power. He did not offer further comment regarding McDonald, but instead focused on the appointment of Doug Campbell to the position of president and CEO.
"He helped turn our major appliances business positive when he joined us in March of 2011," he said. "The category had been on a period of decline, and appliances are a key category for us. Doug ‘got in the trenches,’ working closely with the merchandising buying team, our associates in the stores, and our suppliers to arrive at solutions that could turn the business around. He was successful and today the effects of what he did for that business are still very evident. He brings merchandising experience and leadership ability to his new post, and we are glad to have him in this most senior position."
McDonald left in the midst of a three-year restructuring initiative, which left some investors worried that the sudden shift would derail the retailer’s efforts.
Milwaukee unveils cordless multi-tool
Milwaukee Tool Corp. introduced the new M18 Cordless Multi-Tool. Designed to increase productivity and ease of use for professional users, the new tool advertises up to faster cutting and longer run time than competitive products.
“We continue to find ways to bridge the gap between the speed of corded options and the convenience of cordless solutions,” said Christian Coulis, director, cordless product marketing at Milwaukee. “Featuring Milwaukee’s Constant Power Technology to maintain cutting speed under load, the new Multi-Tool truly delivers superior performance with the fastest cutting speeds in its class to increase productivity on the jobsite.”
With a variable speed of 11,000 to 18,000 OPM and 12 speed settings, users can match the speed to the application at hand to complete tasks, such as flush or plunge cuts, removing grout, grinding thinset, sanding or scraping.
Ideal for remodelers, flooring contractors, maintenance repair technicians and electricians, the M18 Multi-Tool comes complete with a universal accessory adaptor to allow the tool to work with all major competitive accessories on the market, as well as a tool-free accessory change that allows the user to quickly move from one application to the next.
A new Dust Extraction Kit will give users the option to keep their work area clean of debris, and a new Depth Stop Kit will give users the confidence to complete plunge cuts without damaging hidden materials, the company said.
Keith Jaffee elected IHA chairman
The International Housewares Association elected Keith Jaffee of 02 Cool as chairman.
O2 Cool designs, produces and markets “cool,” creative and fun battery operated misting and portable fans, water-cooling hydration products, outdoor accessories and novelty items.
As an IHA officer, he will serve a one-year term from Oct. 1, 2013, to Sept. 30, 2014.
Prior to joining O2 Cool, Jaffee was CEO of Focus Products Group, which he co-founded in 2001. Prior to Focus Products, Jaffee served as president of the Store Fixture and Store Products Group at Leggett & Platt from 1997-2001. Before that, he served as president of Amco Corporation, a manufacturer of commercial storage systems and upscale housewares, from 1982-1997. He was re-elected to the IHA board in 2010. He served as IHA treasurer in 2012-2013.