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Orchard Hardware continues rollout of new neighborhood format
San Jose, Calif. -- Orchard Supply Hardware Stores Corp. said Friday it will add two California stores to its rollout of a new neighborhood format, with the grand re-openings of a pair of stores in the company’s hometown of San Jose on Oct. 6.
Both stores have been operational for years, but the company said that the reformatting is so significant that they would be marked by grand re-opening celebrations.
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Orchard Supply swings to loss in Q2; on track with opening/remodeling program
San Jose, Calif. -- Orchard Supply Hardware Stores Corp. reported Tuesday a loss of $26.7 million for the quarter ended July 28, compared with net income of $3.9 million in the year-ago period. The results include write-offs and charges related to real estate sale-leaseback transactions.
Sales dipped to $194.1 million from $196.4 million, and same-store sales edged up 0.9%.