Newark Orchard Supply Hardware Among Those Slated to Close

Orchard Supply Hardware, which filed for bankruptcy Monday, has released an initial list of stores headed for the chopping block — and the Newark store is among them. 

The San Jose-based OSH operates 91 stores in California, including one in Newark and one in Fremont.

On Wednesday, the hardware retailer posted a list of eight stores slated for closure on its news website www.orchardrestructuring.com, which was created to address the bankruptcy and transition.

In addition to Newark, the initial hit list includes stores in Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown and Vacaville.

The Newark store is located at 5655 Jarvis Ave. 

There’s no word whether the Fremont location, at 5130 Mowry Ave., will be spared. 

“We are still reviewing store performance and cannot say with certainty which other stores may close or when,” the company stated in an FAQ.

Though no date for the closures were given, the FAQ states that closing sales will be held later this month at the eight locations on the list.

The company also confirmed on Wednesday that Lowe’s has agreed to acquire a majority of Orchard Supply’s assets for $205 million in cash. Lowe’s will continue to operate the acquired stores under the Orchard Supply brand, according to the press release.

“At the completion of the sale process, Orchard will operate as a separate, standalone business, with the same brand, management team, associates and commitment to putting our customers first,” the company stated.

Though there’s no word yet on which stores would be picked up by Lowe's, the speculation is the neighborhood hardware and garden stores in areas where Lowe's lacks a presence would be top priority.