Home Must Reads Orchard Supply Hardware files for bankruptcy

Orchard Supply Hardware files for bankruptcy

| Print |  Email
Must Reads
Tuesday, June 18, 2013

Orchard Supply Hardware Stores filed for chapter 11 bankruptcy protection. The chain opened locations in Beaverton and Tigard this year.

As part of its filing, the San Jose, Calif.-based chain announced it had reached a deal to sell 60 of its 91 stores in Oregon and California to Lowe's for $205 million. Lowe's also retains an option to buy the remaining stores.

Orchard Supply hasn't released a list of which stores it plans to sell to Lowe's. However, it's two Oregon stores are designed in the neighborhood format that the chain aims to focus on moving forward. So it's possible the retailer will continue to operates its Washington County stores.

Read more at OregonLive.com.

{biztweet}orchard supply{/biztweet}

 

More Articles

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS