- Correction: Torrance, Calif., store to remain open
- Eight OSH stores begin liquidation march
- Lowe's to buy assets of Orchard Supply
- Orchard Supply Hardware CEO to depart
- One year later, Torrance OSH store closes its doors
- Orchard Supply launches mobile app for Founder's Day
- Orchard Supply moves forward with liquidation process
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%.