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 …
Read More »
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 …
Read More »
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. …
Read More »
Rona Inc., the largest Canadian distributor and retailer of hardware, renovation and gardening products, has entered into an agreement to sell its Commercial and Professional Market division specializing in plumbing, heating, ventilation and air conditioning (HVAC) systems to Talisker Plumbing Corporation, …
Read More »
Lowe’s has agreed to buy Orchard Supply Hardware for approximately $205 million on the same day Orchard Supply filed a petition for Chapter 11 bankruptcy. The purchase agreement would enable Lowe’s to expand through a new store format and reach …
Read More »
As one of several preemptive measures Home Depot is taking in preparation for 2013 hurricane activity, the company is launching a single-day effort to prepare residents in storm-prone regions. On July 27, Home Depot will host free Hurricane Preparedness Workshops at more than …
Read More »
Home Depot reported sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4 percent increase from the first quarter of fiscal 2012, brought about largely due to the recovering housing market and despite a colder than average spring. On …
Read More »
To compete against each other and online retailers, the big boxes are taking their price comparisons straight to the shelves with in-store signage and advertising. Independent retailers can also use this tactic. Here are two ways how: Look for opportunities …
Read More »
Hardware Retailing The Industry's Source for Insights and Information
