Orchard Supply Hardware Stores Corporation, a specialty retailer serving homeowners with repair, maintenance and improvement needs, announced that its spin-off from Sears Holdings Corporation (Nasdaq:SHLD) was completed at 11:59 p.m. EST on December 30, 2011. Trading of Orchard's Class A Common Stock will begin today on the Nasdaq Capital Market under the symbol "OSH". Orchard also has Series A Preferred Stock that will be quoted on the OTCQB under the symbol "OSHSP".

Mark Baker, President and Chief Executive Officer of Orchard commented on the spin-off, "We look forward to Orchard being an independent publicly traded company. During the past year, our team has made significant progress toward developing a differentiated home improvement retail experience. We're implementing new customer service initiatives and merchandising strategies, and have begun transitioning our stores to a new updated and customer-friendly format that more effectively showcases our merchandise and service offerings. We believe these actions will enable us to leverage the 80-year history of the Orchard brand in order to drive long-term growth and build value for our shareholders."

Baker continued, "We are thankful for the dedication and hard work of Orchard's operating team, associates and store employees. We have a remarkable company culture and a talented group of people who are committed to building on Orchard's long history of superior customer service, selection and convenience."

About Orchard

Orchard Supply Hardware Stores Corporation is a specialty retailer primarily focused on homeowners with repair, maintenance and improvement needs. Founded as a purchasing cooperative in San Jose in 1931, Orchard now operates 87 full-service hardware stores in California. The stores average 44,000 square feet of enclosed retail space and 8,000 square feet of exterior nursery and garden space, carrying a broad assortment of merchandise across three primary categories: repair and maintenance, lawn and garden and in-home products.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release (including information incorporated or deemed incorporated by reference herein) contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company's management. Words such as "outlook", "believes", "expects", "appears", "may", "will", "should", "intend", "target", "projects", "estimates", "plans", "forecast", "is likely to", "anticipates", or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, factors discussed under the section entitled "Risk Factors" in the Company's reports filed with the Securities and Exchange Commission. Many of such factors relate to events and circumstances that are beyond the Company's control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release.

Investor Relations
The Blueshirt Group
Christine Greany, 858-523-1732