There's no hope, and hasn't been for quite some time. This will probably be the last Christmas I will receive any Craftsman tools from my parents.
Right now I suspect that the only reason they haven't filed for bankruptcy is because the executives are still getting paid. These executives are going to walk off with millions of dollars in their pockets for riding a doomed company into the ground. They came in promising to turn things around, and failed. They probably knew there was no turning things around, and took the job anyway.
Of course it's right in their contracts that it's not their fault, so they get to keep all the money they made, and some other company will hire them immediately after the ink dries on the bankruptcy papers.
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