Content about Jose

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.

San Jose, Calif.-based Orchard Supply Hardware posted deeper losses for its fourth quarter and full year.

For the quarter, the company’s net loss was $33.57 million, compared with a net loss of $7.24 million in the same quarter last year. For the full year, the net loss swelled to $118.38 million, compared with $14.45 million in the previous 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%.

San Jose, Calif.-based Orchard Supply Hardware said it anticipates comp-store sales for the first quarter ending May 4 to increase from 9.0% to 11.0%.

The forecast comes as Orchard entered Oregon with the grand opening events for its Portland and Tigard stores being held April 27. The company also recently opened its new neighborhood format store in Yorba Linda, Calif., and plans to hold the grand opening event for this location on May 4, 2013.

February 19, 2013

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

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

Orchard Supply Hardware Stores (OSH) says it is trying to modify its term loan debt and work to improve its capital structure. 

May 28, 2012

Pacific States Industries, a California-based forest products and building materials company, acquired the privately owned Hoquiam Plywood Co. of Hoquiam, Wash. 

The Hoquiam facility is known for its premium plywood sheathing. Operations at the western Washington facility will come under the direction of Pacific States Plywood (PSP), headquartered in Springfield, Ore.

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.

February 9, 2012

San Jose, Calif.-based Orchard Supply Co. CEO Mark Baker described the retailer's efforts to keep the brand fresh while also honoring the company's 80-plus-year history.

An emphasis on the in-store experience and local knowledge is key for the California chain, Baker explained during his presentation to the Presidents Council advisory board meeting during the International Builders' Show here in Orlando, Fla.

"We're not a small big box, but a really big small box," he said.

September 19, 2011

San Jose, Calif.-based Orchard Supply Hardware chain opened a 60,000-sq.-ft. store in a former Mervyns location, according to the Silicon Valley Business Journal

The official opening was Saturday. The store is a relocation of a previous store located in nearby San Jose. It will feature a new format unveiled two years ago in Santa Rosa, Calif.

August 24, 2011

San Jose, Calif.-based Orchard Supply Hardware tapped Vertis Communications to supply marketing services in a new three-year deal.

Under the agreement, which extends a 15-year relationship between the two companies, Vertis will manage Orchard Supply Hardware's advertising inserts program from its local Sacramento facility.

Orchard Supply Hardware is among Vertis' growing portfolio of home improvement retailers including Lowe's, Ace Hardware and Menards.