Orchard Supply Hardware Got Its Start In California
Did you know that Orchard Supply Hardware started in San Jose, CA?
Wikipedia says this…
“It was formed in 1931 as the Orchard Supply Farmers Co-op by 30 farmers, consisting mostly of orchardists and fruit tree ranchers who banded together to form a cooperative to buy essential farm supplies. Each farmer put up $30 and in the midst of the Great Depression a new company was formed. Stanley B. Smith served as the company’s first general manager and president.”
Orchard Supply Hardware Filing Chapter 11
The sad news is that Orchard Supply Hardware is filing for Chapter 11 and will be acquired by Lowe’s Companies, Inc. (*The good news is that as a part of the agreement they will remain a separate, standalone business.)
This is what they have said on their website…
“For more than 80 years, Orchard Supply Hardware has continued to evolve to meet the needs and growing demands of our expanding customer base. We have worked hard to continually improve our stores and ensure we are delivering on our promises to the many individuals and families who depend on our business, and we are proud of what we have accomplished together. On June 17, we took the next steps in this ongoing process by announcing an agreement for our business to be acquired by Lowe’s Companies, Inc. through a voluntary Chapter 11 process.“
8 California Orchard Supply Hardware Stores Closing
As a part of the agreement, and in order to strengthen their company, they have decided to close some of their stores. 8 California Orchard Supply Hardware stores in California will be closing for this reason (some Bay Area stores are among those).
Here are the 8 California stores they’re closing: Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown, Newark and Vacaville.
- Federal Bank Report On The Current State On The Economy In The Bay Area (baybusinesshelp.com)