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Orchard Supply Hardware ceased to be a privately owned company when it and its seven stores were acquired by the conglomerate W.R. Grace and Company in 1979. [ 11 ] W.R. Grace began to sell off its 660-store retail division piecemeal in 1985. [ 12 ]
Aug 22, 2018 · All Orchard Supply Hardware stores in California and elsewhere will close by February, the company’s parent — home-improvement retail giant Lowe’s — announced Wednesday.
Aug 22, 2018 · In the end, Orchard Supply Hardware’s size was fatal. With 99 stores, the 87-year-old home improvement chain was too small to move the financial needle for parent company Lowe’s, the second ...
- Roland Li
- Business Reporter
Aug 22, 2018 · Lowe's is pulling the plug on all 99 Orchard Supply Hardware stores in the U.S. The decision comes just seven weeks after Marvin Ellison took the helm as president and CEO of the home improvement...
- Reporter, Moneywatch
- 1 min
- CBS News
The corporate owner of Orchard Supply Hardware says it's closing all 99 stores in three states because it's losing money. Lowe's purchased the San Jose based hardware store chain...
Aug 20, 2013 · Under the terms of the transaction, Lowe's will acquire 72 Orchard stores for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard's supplier partners. Lowe's expects to close the transaction by the end of August.
Aug 22, 2018 · Bay Area institution Orchard Supply Hardware has fallen victim to a battle of the big-box stores as parent company Lowe’s, seeking to catch up to Home Depot, has decided to close all...
