Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears Considering Sale of Orchard Supply Hardware Stores
May 10, 2005
 Printable format
 Email this Article
 Search

Retailer Sears Holdings Corporation said it intends to pursue alternatives for the separation of the company's Orchard Supply Hardware business, which could include a sale of the business or initial public offering. Orchard Supply Hardware is a chain of 82 hardware and garden retail stores located throughout California, U.S.

"Sears Holdings is focusing its management attention and capital on the opportunities in our core business presented by the merger of Sears and Kmart," Alan J. Lacy, vice chairman and CEO of Sears Holdings Corporation, said in a statement. "While we continue to believe in Orchard's business model and growth strategy, we are pursuing alternatives to provide Orchard Supply Hardware with the capital to grow its store base, while at the same time providing appropriate value to Sears Holdings."

Citigroup Global Markets Inc. and Lehman Brothers Inc. are acting as financial advisors to Sears Holdings Corporation.

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows