Advertisement
YOU ARE HERE: LAT HomeCollectionsOrchard Supply Hardware
IN THE NEWS

Orchard Supply Hardware

FEATURED ARTICLES
BUSINESS
June 17, 2013 | By Tiffany Hsu
Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer - larger competitor Lowe's Companies Inc. Lowe's is offering to buy most of the San Jose company's assets for $205 million in cash - including at least 60 of its stores - and assume the payables owed to most of the smaller chain's suppliers. Under the acquisition agreement, Orchard would be allowed to hold onto its brand, continue operating its stores as a standalone business and retain its management team and employees.
ARTICLES BY DATE
CALIFORNIA | LOCAL
September 4, 2013 | By Adolfo Flores
A blast early Wednesday at a Santa Ana hardware story that investigator initially suspected was caused by a pipe bomb is now being blamed on a battery that exploded. Authorities "determined it was some type of battery; how it exploded we don't know," said Cpl. Anthony Bertagna of the Santa Ana Police Department. "Why it was there we don't know," he added. The explosion at Orchard Supply Hardware at 1975 E. 17th St. occurred at about 9 a.m., Bertagna said. Authorities initially feared that a pipe bomb might have detonated.
Advertisement
BUSINESS
April 13, 1989
Wickes to Sell Subsidiary: Wickes Cos. has agreed to sell Orchard Supply Hardware to a management group for $134 million in the latest of a series of asset sales by Wickes' new owners. Sale of the San Jose-based hardware chain wasn't expected to affect employees at its 31 stores in Northern and Central California, Santa Monica-based Wickes said in announcing the deal. The buyer group is headed by Maynard Jankins, president and chief executive of Orchard Supply, and was organized by Freeman Spogli & Co., a Los Angeles investment firm.
CALIFORNIA | LOCAL
September 4, 2013 | By Adolfo Flores
Santa Ana authorities were investigating a possible pipe bomb explosion early Wednesday at a hardware store. Law enforcement officers responded to a report of an explosion around 9 a.m. at an Orchard Supply Hardware at 1975 East 17th St. Witnesses said they heard a blast near the exit doors of the store, the Santa Ana Police Department said in a statement. No injuries were immediately reported. When investigators arrived they said they found what appeared to be remnants of a pipe bomb at the store's exit.
BUSINESS
December 11, 1996 | Times Staff and Wire Reports
True Value Hardware and ServiStar Corp. said they plan to combine and create a company called TruServe Corp. that will have 10,500 stores and $4.6 billion in annual sales. The combination of the closely held firms is designed to help the companies better compete against industry leaders Home Depot Inc. and Lowe's Co., as well as growing chains such as Sears Hardware, which recently bought Orchard Supply Hardware.
CALIFORNIA | LOCAL
July 12, 1995 | DAVID R. BAKER
Thousand Oaks residents upset about a proposal to build a 59,000-square-foot home supply center in their neighborhood say they will circulate a petition to stop the project. The city's Planning Commission on Monday unanimously approved the proposal by Orchard Supply Hardware, a San Jose-based chain. Plans call for a store, nursery and materials storage yard at the Oakbrook Plaza shopping center near Avenida de Los Arboles and Erbes Road.
CALIFORNIA | LOCAL
July 9, 1995
With the proposed Orchard Supply Hardware in Thousand Oaks, we have another situation where development comes before the quality of the neighborhood. The plan to re-stripe the parking lot and eliminate the landscaped median strip on Avenida de Los Arboles is not in keeping with the appearance of the area. This is being proposed by Orchard solely so it can get more vehicles into the area and into the center. Traffic and noise have to be the primary consideration for this already crowded traffic intersection.
BUSINESS
February 27, 2009 | Times Wire Reports
Struggling retailer Sears Holdings Corp. said its fourth-quarter profit was cut in half as charges weighed down results and shoppers continued to avoid buying pricey appliances -- keeping sales mired in their prolonged slump. Chairman Edward Lampert, who acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005, told investors that the company's cautious approach to investing capital in stores and closing unprofitable locations -- 28 during the fiscal year and 24 more that were announced Thursday -- while paying down debt has helped the chain.
CALIFORNIA | LOCAL
September 4, 2013 | By Adolfo Flores
Santa Ana authorities were investigating a possible pipe bomb explosion early Wednesday at a hardware store. Law enforcement officers responded to a report of an explosion around 9 a.m. at an Orchard Supply Hardware at 1975 East 17th St. Witnesses said they heard a blast near the exit doors of the store, the Santa Ana Police Department said in a statement. No injuries were immediately reported. When investigators arrived they said they found what appeared to be remnants of a pipe bomb at the store's exit.
CALIFORNIA | LOCAL
September 4, 2013 | By Adolfo Flores
A blast early Wednesday at a Santa Ana hardware story that investigator initially suspected was caused by a pipe bomb is now being blamed on a battery that exploded. Authorities "determined it was some type of battery; how it exploded we don't know," said Cpl. Anthony Bertagna of the Santa Ana Police Department. "Why it was there we don't know," he added. The explosion at Orchard Supply Hardware at 1975 E. 17th St. occurred at about 9 a.m., Bertagna said. Authorities initially feared that a pipe bomb might have detonated.
BUSINESS
June 18, 2013 | By Tiffany Hsu, Los Angeles Times
Home improvement giant Lowe's Cos. aims to score a bigger piece of California's real estate recovery by agreeing to rescue Bay Area rival Orchard Supply Hardware Stores Corp. Lowe's on Monday made a $205-million bid for the company, sometimes known as OSH, which filed for Chapter 11 bankruptcy protection, weighed down by years of declining sales, an overcrowded market and massive debt inherited during its time with former parent Sears Holdings Corp. Although the Mooresville, N.C., chain outpaces OSH in size and sales, it is less established in the Golden State, where home sales last month hit a seven-year high.
BUSINESS
June 17, 2013 | By Tiffany Hsu
Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer - larger competitor Lowe's Companies Inc. Lowe's is offering to buy most of the San Jose company's assets for $205 million in cash - including at least 60 of its stores - and assume the payables owed to most of the smaller chain's suppliers. Under the acquisition agreement, Orchard would be allowed to hold onto its brand, continue operating its stores as a standalone business and retain its management team and employees.
BUSINESS
June 25, 2011 | Andrea Chang, Los Angeles Times
Sears Holdings Corp. plans to spin off its home improvement unit, Orchard Supply Hardware Stores Corp., as a separate publicly traded company, the department store giant said. Often called OSH, Orchard Supply is a San Jose-based chain that operates 89 stores, all in California. Shares of OSH, which plans to be traded as OSHS on the Nasdaq once it becomes a stand-alone company, will be distributed to Sears Holdings shareholders. Sears Holdings said in a filing with the Securities and Exchange Commission on Thursday that it believed OSH would generate more value for shareholders as an independent entity and that the move would provide "financial, operational and managerial benefits to both" companies.
BUSINESS
February 27, 2009 | Times Wire Reports
Struggling retailer Sears Holdings Corp. said its fourth-quarter profit was cut in half as charges weighed down results and shoppers continued to avoid buying pricey appliances -- keeping sales mired in their prolonged slump. Chairman Edward Lampert, who acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005, told investors that the company's cautious approach to investing capital in stores and closing unprofitable locations -- 28 during the fiscal year and 24 more that were announced Thursday -- while paying down debt has helped the chain.
BUSINESS
October 8, 2005 | Josh Friedman, Times Staff Writer
Los Angeles investment firm Ares Management paid Sears Holdings Corp. $58.7 million for 19.9% of Orchard Supply Hardware, the companies said Friday, in what was expected to be a first step toward buying a majority stake. The deal gives Ares' investment fund the right within three years to buy an additional 30.2% share of the hardware and garden supply chain -- better known as OSH -- for $126.8 million. The San Jose-based chain has 84 stores, all in California.
BUSINESS
August 12, 1999 | Associated Press
Sears Roebuck & Co. has decided against converting its 250 hardware stores nationwide to Orchard Hardware & Garden outlets after a test run in Ohio flopped. Customers of Sears' 10 Columbus-area hardware stores preferred the Sears name and product line, company spokesman Chuck Merydith said. Executives had hoped the Orchard format would attract more female shoppers, but that didn't happen, he said.
BUSINESS
October 8, 2005 | Josh Friedman, Times Staff Writer
Los Angeles investment firm Ares Management paid Sears Holdings Corp. $58.7 million for 19.9% of Orchard Supply Hardware, the companies said Friday, in what was expected to be a first step toward buying a majority stake. The deal gives Ares' investment fund the right within three years to buy an additional 30.2% share of the hardware and garden supply chain -- better known as OSH -- for $126.8 million. The San Jose-based chain has 84 stores, all in California.
BUSINESS
August 16, 1996 | GEORGE WHITE, TIMES STAFF WRITER
In a bid to grab a bigger chunk of California's lucrative home repair market, Sears, Roebuck & Co. said Thursday that it will buy the San Jose-based Orchard Supply Hardware chain in a $415-million deal. Sears plans to accelerate Orchard's expansion into Southern California, as well as stock the mid-size stores with Sears' popular hardware brands. The deal would boost Sears' existing hardware store operations, none of which are in California.
BUSINESS
December 11, 1996 | Times Staff and Wire Reports
True Value Hardware and ServiStar Corp. said they plan to combine and create a company called TruServe Corp. that will have 10,500 stores and $4.6 billion in annual sales. The combination of the closely held firms is designed to help the companies better compete against industry leaders Home Depot Inc. and Lowe's Co., as well as growing chains such as Sears Hardware, which recently bought Orchard Supply Hardware.
BUSINESS
August 16, 1996 | GEORGE WHITE, TIMES STAFF WRITER
In a bid to grab a bigger chunk of California's lucrative home repair market, Sears, Roebuck & Co. said Thursday that it will buy the San Jose-based Orchard Supply Hardware chain in a $415-million deal. Sears plans to accelerate Orchard's expansion into Southern California, as well as stock the mid-size stores with Sears' popular hardware brands. The deal would boost Sears' existing hardware store operations, none of which are in California.
Los Angeles Times Articles
|