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Video showcases high-end flashlight

BY HBSDEALER Staff

More powerful and more functional flashlights are hitting the market, including this one from Coast.

The product retails for about $175. 

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National Hardware Show kicks off in Las Vegas

BY Ken Clark

The three-day National Hardware Show kicks off Tuesday, promising a blend of new product exhibits. 

At the National Hardware Show, independent retailers will be able to see products beyond the spectrum of what typical wholesalers offer, according to the show organizers. 

Also on tap will be new niche opportunities, networking with other independent retailers from across the industry and educational opportunities geared toward helping them drive their businesses.

“We’re pleased to be able to offer meetings, receptions and other opportunities for home improvement retailers, manufacturers and buyers to get together and talk about what’s happening in the industry,” said Sonya Ruff Jarvis, VP attendee programs at the National Hardware Show. “With so many exhibitors, attendees and organizations under one roof, the National Hardware Show is a great time for everyone to get together.” 

There will be nearly 700 new exhibitors across multiple categories. Some of the new exhibitors include Kohler Co., Woodcraft LLC, Family Handyman, Millennium Lock and Frontline Products, among others.

The events include the 29th Golden Hammer Awards and the Home Channel Hall of Fame induction of Ray Griffith, sponsored by Safety Works. 

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Orchard Supply sees sales momentum

BY Ken Clark

San Jose, Calif.-based Orchard Supply Hardware said it anticipates comp-store sales for the first quarter ending May 4 to increase from 9.0% to 11.0%.

The forecast comes as Orchard entered Oregon with the grand opening events for its Portland and Tigard stores being held April 27. The company also recently opened its new neighborhood format store in Yorba Linda, Calif., and plans to hold the grand opening event for this location on May 4, 2013.

With the new stores, Orchard’s total number of neighborhood format stores rose to 16. The company’s total store count is 89.

“Orchard continues to make solid progress in our efforts to strengthen our capital structure and improve our operating performance,” said Mark Baker, president and CEO of Orchard. “Our supplier partners have done a great job helping to keep our inventories at appropriate levels even while we have been outperforming our sales plan through the start of the spring season. Thanks to the hard work of the entire Orchard team and the strong ongoing relationships we have with our supplier partners and our lenders, we continue to provide our loyal customers with the in-stock product offerings and high level of service to which they are accustomed.”

The retailer also said a previous May 1, 2013, date to reach an agreement with respect to a transaction to deleverage, modify or otherwise address the company’s capital structure has been extended to June 30, 2013.

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