{"id":10937,"date":"2018-08-30T09:19:57","date_gmt":"2018-08-30T13:19:57","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=10937"},"modified":"2018-08-30T09:19:57","modified_gmt":"2018-08-30T13:19:57","slug":"orchard-supply-hardware-going-business","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/08\/orchard-supply-hardware-going-business\/","title":{"rendered":"Orchard Supply Hardware Going Out of Business"},"content":{"rendered":"<p>After 87 years, <strong>Orchard Supply Hardware <\/strong>will soon close its doors for the last time. That was the announcement made by during <strong>Lowe\u2019s<\/strong> Q2 earnings call last week. Established in 1931 as a San Jose farmer\u2019s co-op during the Great Depression,\u00a0Lowe\u2019s purchased OSH out of bankruptcy five years ago in an effort to quickly grow its presence in California. Under Lowe\u2019s, the chain grew to 99 stores <a href=\"http:\/\/newsroom.chainstoreguide.com\/2016\/10\/orchard-supply-hardware-heads-east\/\" target=\"_blank\" rel=\"noopener\">and established a presence in Florida in recent years. <\/a><\/p>\n<p><center><\/p>\n<div class='tableauPlaceholder' id='viz1535634880651' style='position: relative'><noscript><a href='#'><img alt='Dashboard 1 ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Or&#47;OrchardSupplyLocations0818&#47;Dashboard1&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='OrchardSupplyLocations0818&#47;Dashboard1' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Or&#47;OrchardSupplyLocations0818&#47;Dashboard1&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1535634880651');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='700px';vizElement.style.height='327px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>New CEO Marvin Ellison called the move a \u201cnecessary business decision\u201d as the company struggles to keep pace with <strong>Home Depot. <\/strong>During the earnings call, Lowe\u2019s CFO Marshall Croom noted that OSH\u2019s small store size and the fact that it accounts for only 0.8% of the company\u2019s total sales means that there is simply not a place in Lowe\u2019s future for the chain.<\/p>\n<p>The closure, expected to wrap up by February, will mean the loss of jobs for 4,000 Orchard Supply employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After 87 years, Orchard Supply Hardware will soon close its doors for the last time. That was the announcement made by during Lowe\u2019s Q2 earnings call last week. Established in 1931 as a San Jose farmer\u2019s co-op during the Great Depression,\u00a0Lowe\u2019s purchased OSH out of bankruptcy five years ago in an effort to quickly grow&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/08\/orchard-supply-hardware-going-business\/\">Continue reading <span class=\"screen-reader-text\">Orchard Supply Hardware Going Out of Business<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[17],"class_list":["post-10937","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=10937"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/10937\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=10937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=10937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=10937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}