To be honest, Craftsman is a lot junkier now... Not everything, but you overpay for Chinese-made tools generally with it now, and are paying for the name... If you want something as good, you can go to Harbor Freight for things like sockets, ratchets (which are vastly superior to just about all Craftsman)... OLD Craftsman stuff was US made, and superior. It's become difficult to get though. Their screwdrivers are still US made and far more durable (since they double as prying tools usually, heh).
That said, Craftsman sells better tool sets overall than many similar priced things... For instance, Stanley. So Stanley buying them is kinda ugh. They've largely been overtaken though by Gear Wrench, Harbor Freight's Pittsburgh brand, etc. Tekton is ok, and I believe that's Home Depot's line. Kobalt (Lowes) blows, trust me.
From a tools perspective though, Craftsman has gone downhill in the past 10-15 years, and it's probably not going to trend upward with Stanley/B&D owning it unfortunately. They'll pass in a crowd if the crowd gets big enough, but the reality is most of what they offer can be had for a fraction of the price at Harbor Freight, same lifetime warranty, and less of a hassle (they've become real dicks on exchanging) over it too. And stuff like HF's 72tooth ratchet? It blows Craftsman out of the water and is vastly more comparable to Snap On, Matco, etc.
What Craftsman does really nicely though, is sells a decent socket or mechanics tool set, whereas the "sets" at places like Harbor Freight can really suck... You can get a set of like deep metric impact sockets, and those will be cool, but if you bought a "mechanics tool set" of a lot of random stuff, it's usually made of some insanely cheap stuff and you don't get their individual smaller sets... It's kinda tricky to navigate the tool world, haha.
If you wrench day/night though, most of those guys are looking at things like Matco, Snap-On, etc. Even those brands you have to watch somewhat though. But I know so many guys buying Harbor Freight Toolboxes because Craftsman etc. have become insanely overpriced and HF is as good or better quality. It's a sign of the general global market times we live.
Now, my father's Craftsman stuff, it's all US made for the most part, stuff from the 60s/70s... some older even. And here's something goofy... Individual sockets are often US made whereas the big sets are Chinese (but ok), but when you break one you get a better US made one... so weird how that's set up.
K-Mart is ok here... The stores aren't fantastic, and the ones in the city are worse, but they're fairly clean and well stocked. Their rewards program is unmatched by anyone else (points spend like $, and if you play the coupons right you accrue a ton fast), and they've had the only exclusives worth buying now for years... It's not a lock those will go to another retailer because it's something the retailer has to want. I can't imagine K-Mart had dibs ya know? But they always had something good every year while WM, Target, etc., generally have not for some time.
I'm curious to see what Craftsman will turn into now, but with a KM right up over the hill from me, I'll miss it... Though mine and the other one not far away aren't leaving either. Still do pretty well out here in the boonies I guess.
