PEMBROKE PARK, Fla. – The short-lived Orchard Supply Hardware experiment is coming to an end.
Parent company Lowe's announced Wednesday that it intends to close all 99 stores in California, Florida and Oregon. That includes the seven South Florida stores in Palm Beach and Broward counties.
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The decision comes as Lowe's released its second-quarter sales and earnings.
According to a company news release, Lowe's is closing its Orchard Supply Hardware stores "in order to focus on its core home improvement business."
Orchard Supply Hardware has two locations in Deerfield Beach and one each in Boynton Beach, Delray Beach, Coral Springs, Fort Lauderdale and Sunrise. All of them opened within the last two years.
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2017 hit traditional brick-and-mortar retailers hard with a record-setting amount of store closures. Fung Global Retail & Technology reported 6,955 stores closed last year. Here's a look at the retailers who have closed stores in 2018.Nov. 5: Lowe's announced it will close 51 locations that are underperforming by Feb. 1, 2019. The closures affect 20 stores in the US and 31 in Canada, a "majority" of which are within 10 miles of another Lowe's location.Oct. 15: Sears filed for Chapter 11 bankruptcy and announced it will close at least 142 stores near the end of this year in addition to the 46 stores it previously planned to close. The company did not rule out closing even more stores.Oct. 5: Mattress Firm filed for Chapter 11 bankruptcy protection and plans to quickly close 200 underperforming stores and make decisions about whether to close or maintain the other 500 stores.Sept. 14: Upscale retailer Henri Bendel is closing its door after 123 years in business. Parent company L Brands announced it is shutting down its website and all 23 stores, including its iconic location on Fifth Avenue in New York City. The company said sluggish sales led to the closure. L Brands said the move will increase profitability as it focuses on its larger brands, which include Victoria's Secret and Bath & Body Works.Aug. 23: Sears announced plans to close another 46 Sears and Kmart stores. On Jan. 4, the struggling retailer announced the closure of 39 more Sears stores.Aug. 22: Lowe's announced it's shutting down its Orchard Supply Hardware stores. The company said it had 99 stores in California, Oregon and Florida.Aug. 2: Brookstone announced its filed for Chapter 11 bankruptcy and will close its remaining 101 mall stores. The store that features quirky gadgets, travel luggage and massage chairs will keep its 35 airport locations and website open.June 7: House of Fraser in the United Kingdom announced it will close 31 stores.June 5: Hudson's Bay announced it's closing 10 Lord & Taylor stores including the 5th Avenue location in New York.May 31: Sears announced it will be closing 72 more locations after posting a $424 million loss. The retailer hasn't been profitable since 2010.April 19: Bon-Ton announced it's closing all stores. The retailer will liquidate all 256 of its stores which are in 23 states. The closing stores include Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers.Jan. 24: Toys R Us announced it will be closing as many as 182 stores. The company declared bankruptcy in September 2017. On March 14, the retailer announced it would close or sell all U.S. locations. The company also said it would close all UK stores.Jan. 11: Sam's Club announced the closing of 63 locations across the country, Business Insider reported.Sears Holdings also announced on Jan. 4 that it will close 64 Kmart stores.Jan. 4: Macy's announced it will shutter 11 locations in early 2018.
2017 hit traditional brick-and-mortar retailers hard with a record-setting amount of store closures. Fung Global Retail & Technology reported 6,955 stores closed last year. Here's a look at the retailers who have closed stores in 2018.
The San Jose, California-based company was purchased by Sears in 1996 but later sold. Orchard Supply Hardware filed for bankruptcy in 2013, allowing Lowe's to acquire most of its assets.
All the stores are expected to close by the end of the 2018 fiscal year.
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