Tag Archives: big box

The U.S. Bankruptcy Court for the District of Delaware recently approved Lowe’s acquisition of the majority of assets of Orchard Supply Hardware. Upon the transaction’s closing, Richard D. Maltsbarger, a Lowe’s executive who led the team to acquire Orchard, will …

Increased demand for home improvement products led Lowe’s to a jump in comparable-store sales in the second quarter, the company reported. Its comparable-store sales for the quarter increased 9.6 percent; over the past six months, comparable-store sales grew by 4.6 …

The recovering housing market coupled with rebounding sales in seasonal categories contributed to Home Depot’s U.S. comparable-store sales increasing by a double-digit percentage in the second quarter, the company said. Comparable-store sales for the second quarter of fiscal 2013 were …

Canadian home-improvement retailer Rona Inc. reported a drop in same-store sales for the second quarter due to “relatively difficult market conditions” and several store closures, according to the company. The retailer’s same-store sales were down 1.0 percent, due to a …

Lowe’s today announced further progress in its plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, subject …

The court approved Orchard Supply Hardware’s request to get access to $177 million in financing to help the business run operations through the bankruptcy process. This court-approved financing, in addition to Orchard Supply’s ongoing cash flow, will ensure it is …

Frank Denny, former president of big-box home improvement retailer Builders Square, died July 2 at the age of 79. The former president of W.R. Grace and Co.’s home center division, Denny was chosen to manage the expansion of Home Centers …

Orchard Supply Hardware has asked a judge to approve up to $3.125 million in bonus payments to keep top executives in their jobs while the company is being sold off to the highest bidder, according to the Silicon Valley Business Journal. …