Content about San Jose

October 28, 2014

Lowe's Innovation Labs will introduce two autonomous retail service robots in an Orchard Supply Hardware store in midtown San Jose, California, during the upcoming holiday season to study how robotics technology can benefit customers and employees. Called OSHbot, the robots will assist customers to navigate stores by directing them to specific products and providing real-time information about product promotions and inventory.

[Watch video here.]

July 31, 2014

What Silicon Valley company is the reigning “Business of the Year,” as determined by the Campbell, California, Chamber of Commerce?

Is it Netflix? Apple? Google?

The answer (and you can Google it) is Economy Lumber, established in 1936 in neighboring San Jose. Today, when everyone seems to be chasing dot-com gold in an age of disruptive technologies, the Campbell lumberyard is doing things almost the same way it has for generations.

Almost, but not quite.

July 21, 2014

San Jose, California-based Realtor.com reports that 67% of visitors to the real estate web site plan home renovations within the next six months. 

That finding is the result of the web site's Home Improvement Survey, in which more than 1,500 consumers participated from May 19 to May 29. 

The survey results, released July 17, include the following.

Most popular reasons for planned home improvements:

July 9, 2014

Steve Mahurin has left Orchard Supply Hardware, where the veteran home improvement merchant and retail industry executive held the title Chief Retail Officer.

According to the San Jose, Calif.-based retailer, Mahurin’s position was eliminated as the company transitions to a focus on operations and expansion. 

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.

June 27, 2013

The Orchard Supply Hardware brand will carry on as a division of Lowe’s, but the ticker symbol will not.

The NASDAQ Stock Market removed Orchard’s class A common stock from listing on the market Wednesday, marking the end of a brief era for the OSH ticker symbol.

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.

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 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.”

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. 

August 7, 2012

California cities dominate the top-ten Eco-Friendliest Cities list assembled by small business-oriented web site thumbtack.com

San Francisco, Oakland and San Jose rank one, two and three on the list, which measures the per capita prevalence of a representative group of ten types of green services. More details about the data are here.

Here are the top ten eco-friendly cities from the list:

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.

April 26, 2012

In the California company’s first full-year fiscal earnings report since separating from Sears, Orchard Supply posted a net loss of $14.5 million, compared to net income of $8.7 million in fiscal year 2010.

The company’s sales in 2011 were $660.5 million, roughly flat from the prior years. Same store sales declined 0.6% -- average ticket was up, but transaction volume was down.

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.

January 3, 2012

On its first day of trading on the Nasdaq Capital Market under the symbol "OSH," Orchard Supply Hardware fell $1.47 to close at $23.55.

It was a lackluster day for the company's stock, but the San Jose, Calif.-based hardware chain is eager to begin corporate life as an independent publicly traded company, said CEO Mark Baker.

The retailer completed its spin-off from Sears Holdings Dec. 30 at 11:59 p.m. 

September 28, 2011

Orchard Supply Hardware has gone through a lot of changes in its 80-year history, but the California chain — now numbering 89 units with $660.7 million in annual sales — has weathered them all. Changes in ownership, leadership, store design, color scheme and signage have come and gone. But the stores’ customers — known for their exceptional loyalty — have generally stuck with the chain. 


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.

September 7, 2011

Orchard, the California home improvement chain formerly known as Orchard Supply Hardware or OSH, is opening a new store in South San Jose on Sept. 17. The new unit will be the company’s 89th location. 

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.

August 17, 2011

An article in the San Jose Mercury News reported that Orchard Supply Hardware is working to distinguish itself from big and small competitors. 

In addition to introducing a new logo and a new brand name -- "Orchard" -- the San Jose, Calif.-based company intends to earn a reputation as the place for backyard home improvement. 

According to Tom Carey, senior VP for Orchard, the 89-store chain anticipates growth, perhaps even at the rate of 10 to 15 stores a year.