In the limelight: Orchard Supply
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.
The fourth quarter saw comp-store sales rise 2.3%.