Lowe's Moves to Acquire Orchard Supply Hardware Stores

Lowe'sMOORESVILLE, N.C.-Lowe's is progressing in its plan to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for $205 million in cash.

The transaction is subject to the approval of U.S. Bankruptcy Court in the district of Delaware, in which Orchard filed for Chapter 11 protection in June, and will be presented to the court for approval on Aug. 20. Lowe's said it anticipates closing the acquisition by the end of this month.

Once completed, the purchase will enable Lowe's to extend its presence in California, where Orchard is based. It will also permit Lowe's to reach a new customer base through the addition of Orchard's smaller-format stores in densely populated areas, according to Lowe's. The average Orchard store measures 36,000 square feet of selling space, compared to the average Lowe's location, with 113,000 square feet of selling space.

Currently, Lowe's has 110 stores in California. The company said it plans to have Orchard operate as a separate, stand-alone business, retaining its brand under the leadership of its current management team.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.