The Orchard Supply Hardware on Blackstone Avenue in Fresno will close by the end of the year, along with the six other stores in the Central Valley. Photo by Edward Smith
Written by The Business Journal Staff
Orchard Supply Hardware is closing all of its stores by the end of the year.
Lowe’s Co. announced Tuesday it would close 99 stores nationwide under the OSH brand, including four in Fresno, one in Clovis, one in Hanford and one in Visalia, according to the Mercury News.
The San Jose-based hardware store has about 4,000 employees in California, Oregon and Florida.
It has not been without its trouble in the past. In 2013, OSH declared bankruptcy and was acquired by Lowe’s, keeping the same name.
Before that, it was owned by Sears Holdings Corp. through a purchase of a controlling interest in 1996. In 2012 Sears separated OSH into its own publicly traded entity.
Following that spin-off, the value of the company fell significantly before being purchased by Lowe’s, according to Crain’s Chicago Business.
Storewide liquidation sales will begin Thursday.