Content about Orchard Supply Hardware

May 30, 2014

San Jose, California-based Orchard Supply Hardware president Richard Maltsbarger said the future looks bright for the West Coast chain, especially after a $20 million investment in Northern California stores.

The investment includes a complete rebuild of the Orchard Supply Hardware San Jose – Midtown, which will serve as the flagship of the 73-store chain that stretches from Portland, Oregon, to Southern California.

September 10, 2013

After months of bankruptcy and acquisition dealings, Orchard Supply Hardware is back in the news with the announcement of a new mobile app in honor of the company's annual Founder's Day event, which kicked off on Sept. 8.

“As we honor the Company’s heritage, our new mobile app is a great example of the future of our business and how we are continuing to bolster the high-quality service and advice our customers have always found at Orchard,” said Richard Maltsbarger, president of Orchard.

August 16, 2013

A new Orchard Supply Hardware store in Torrance, Calif., will remain open, while a Torrance store on Pacific Coast Highway will close.

Previously, HCN reported that the Orchard Supply store located on Hawthorne Boulevard, which opened last year, will be liquidating its inventory as part of OSH's bankruptcy filing.

August 15, 2013

After a promising debut in the fall of 2012, the Orchard Supply Hardware store located on Hawthorne Boulevard in Torrance, Calif., is shutting its doors for good, according to the Daily Breeze.

July 3, 2013

Great American Group is handling liquidation sales at eight Orchard Supply Hardware locations.

The eight stores, located in Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown, Newark and Vacaville, were approved for liquidation as part of the company's First Day Motions after it filed for Chapter 11 bankruptcy and was acquired by Lowe's as part of an initial stalking-horse bid.

Great American Group won the bidding process to manage the store closing sales and has been managing the eight locations since June 29.

June 19, 2013

Following its asset acquisition deal with Lowe's, Orchard Supply Hardware is moving forward with its effort to close underperforming stores and has won approval to seek bids from liquidators to hold going-out-of-business sales.

June 17, 2013

As part of Orchard Supply Hardware's filing for Chapter 11 bankruptcy, the company has reached an agreement for Lowe’s to purchase the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners. Under the terms of the agreement, Lowe’s, serving as “stalking horse bidder,” would acquire no less than 60 of Orchard’s stores, based on further due diligence on the store locations.

June 11, 2013

William Crowley, chairman of the board of directors of San Jose, Calif.-based Orchard Supply Hardware, resigned as a Class A Director of the company.

The resignation was announced in an Orchard Supply filing with the Securities and Exchange Commission.

June 10, 2013

Orchard Supply Hardware, the historic California brand that has strived to strike a happy medium between big-box home center and friendly neighborhood hardware store, is considering a bankruptcy option, according to a report in Bloomberg News.

The report also says the California hardware chain is continuing talks with lenders over its $261 million debt and lease obligations. 

May 29, 2013

Orchard Supply Hardware’s neighborhood format is spreading.

The San Jose, Calif.-based hardware and garden chain announced the planned grand re-opening event of its Van Nuys, Calif., store on June 8. The store will mark the chain’s 17th new neighborhood format.

One of the new features of the format, according to the store’s designers, is better “in-and-out convenience than big-box home improvement stores.”

May 6, 2013

The CEO cites “significant progress,” but the net loss for the full year swelled to $118 million, compared with a loss of $14 million in the prior year.

April 29, 2013

As it opens new stores, the San Jose, Calif.-based retailer expects first-quarter comp-store sales gains of about 10%.

April 15, 2013

The Wall Street Journal reported that Orchard Supply Hardware hired restructuring lawyers as it strives to improve its balance sheet.

February 21, 2013

Back in June, Home Depot said it intended to defend its position as power tool market share leader. Now the giant chain finds itself a defendant in a lawsuit filed by Orchard Supply Hardware.

In a 43-page complaint, San Jose, Calif.-based Orchard said it's being iced by power tool makers Milwaukee and Makita at the urging of the world's largest home improvement retailer. "Orchard Supply vs. Home Depot, Milwaukee Electric Tool and Makita USA" was filed in December in U.S. District Court in San Francisco. OSH claims the defendants are running an unlawful group boycott.

February 19, 2013

San Jose, Calif.-based Orchard Supply Hardware said sales were down in 2012, but the company pointed to improved “financial flexibility.”

January 22, 2013

Orchard Supply Hardware (OSH), a chain of California home improvement stores, is holding a hiring event to staff its new stores in Tigard and Portland, Ore., according to an article in The Oregonian.

October 12, 2012

Orchard Supply Hardware will close its San Lorenzo store early next year, according to an article in the San Jose Mercury News.

September 11, 2012

San Jose, Calif.-based Orchard Supply Hardware reported second-quarter sales of $194.1 million for the quarter ended July 28, down 1.2% from the same quarter last year.

The company also posted a second-quarter net loss of $26.7 million, compared with earnings of $3.9 million in the second quarter of 2011.

Comp-store sales, however, inched up 0.9%.

August 7, 2012

Orchard Supply Hardware will open a 50,000-sq.-ft. store in Torrance, Calif., showcasing the company’s new store format. 

The South Bay store at 19330 Hawthorne Blvd., the site of a former Kmart store, will open Sept. 1 and marks the company’s 89th store in the state of California.

June 13, 2012

Orchard Supply Hardware reported first-quarter net sales of $155.0 million, down 5.37%, as comparable-store sales declined 3.1%. The company posted a loss of $4.5 million, compared with a loss of $1.0 million in the first quarter of 2011.

The company, which describes itself as a retail concept that occupies the space between the big box and the hardware store, still expects to turn its comp-store sales into the black for the full year.

June 11, 2012

A “Bring ‘Em Back” campaign in Alameda County invites consumers to return their used-up CFL bulbs and tubes to 18 participating hardware stores.

Among the participants are seven Orchard Supply Hardware locations, Dale Hardware, Pete’s Ace Hardware and a handful of others.

June 1, 2012

In his company’s first earnings call since its spinoff from Sears, Orchard Supply Hardware CEO Mark Baker introduced his company to analysts as a unique player, operating, at about 44,000 sq. ft., between the big boxes and the small independents. He described his newly public company’s focus on three high-margin categories: repair and maintenance, backyard, and paint. He also explained Orchard Supply was in transition mode — an 80-year-old company turning around several years of negative comps, with upgraded merchandising and stores.

March 29, 2012

San Jose, Calif.-based Orchard Supply Hardware Stores Corp. plans to open a new Orchard Supply Hardware store in Fresno, Calif. on April 14th. 

The store will be Orchard’s 88th, and the fourth store in Fresno. Grand Opening events include a ribbon-cutting ceremony beginning at 7 a.m., as well as day-long vendor demos, spin and win, kid’s activities and door prizes, including a patio set and a Weber Summit Grill.

January 25, 2012

In an interview with the San Jose Mercury News, former Home Depot merchant Mark Baker -- now the CEO of the newly public Orchard Supply Hardware -- talks about his expansion plans for the California chain, last year’s net losses ($15 million to $17 million), his favorite mode of transportation (a Cessna Caravan) and his motorcycle (a Harley-Davidson Road King). 

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