No, Outdoor Supply Hardware is not related to Orchard Supply Hardware. Outdoor Supply Hardware is an online retailer that specializes in outdoor gear including camping, hiking, and fishing equipment.
Orchard Supply Hardware is a retail store that specializes in home improvement and gardening supplies. The two stores also offer different warranties and return policies. Outdoor Supply Hardware offers a 30-day money back guarantee for any items that are not satisfactory, while Orchard Supply Hardware offers a 1-year warranty on their products.
Is Orchard Supply the same as outdoor supply?
No, Orchard Supply and Outdoor Supply are two different entities. Orchard Supply is a chain of home improvement and garden stores located mainly in California and the western United States and is a subsidiary of Lowe’s.
Outdoor Supply is a company specializing in home and outdoor products, such as camping gear, hunting equipment, and fishing tackle. While both companies sell outdoor and home improvement products, they have different compositions of product offerings and locations.
What is Orchard Supply Hardware new name?
Orchard Supply Hardware is now known as Ace Hardware and Outdoor Living. The brand was acquired by Ace Hardware Corporation in 2018 and has since been operating as a part of the Ace franchise. The merging of the two stores has created a combined ace hardware and outdoor living store, offering customers a wide selection of hardware, lawn and garden products, home goods and more.
To support the new direction, Orchard Supply Hardware stores have been modernized to incorporate the ACE Hardware logo and have adopted the ACE tagline, “The Helpful Place. ” Emerging as a combined store, Ace Hardware and Outdoor Living offers customers more product selection and more helpful tools and services.
Did Orchard Supply Hardware go out of business?
Yes, Orchard Supply Hardware did go out of business. The chain of hardware stores, which was founded in 1932 in San Jose, California, officially went out of business in 2019. The company announced plans to close all remaining stores and lay off nearly 3,000 employees as part of its bankruptcy restructuring.
Orchard had struggled against larger competitors such as Home Depot, Lowe’s and Amazon, and was further affected by the closing of its parent company, Sears Holdings, in 2018. Despite its efforts to turn things around, such as launching its own loyalty program and cutting operating costs, they were unable to return to profitability.
Who took over Orchard Supply?
In 2018, Lowe’s Companies, Inc. announced it was acquiring Orchard Supply Hardware from Sears/Kmart. The company purchased Orchard Supply for $205 million in cash. Lowe’s had been operating Orchard Supply since Orchard Supply filed for Chapter 11 bankruptcy in 2018, so the official sale marked the completion of Orchard Supply’s exit from bankruptcy.
Following the sale, Lowe’s operated Orchard Supply as a subsidiary.
During the transition, nothing changed for the Orchard Supply team or customers, who could still access the same products, services and locations. Lowe’s, however, looked to expand the store base over time, while also offering customers new products, services, technologies and experiences.
Since Lowe’s purchased Orchard Supply, the company has added various outdoor and home decor products, including furniture and grills. Additionally, the chain rolled out the Vivint Smart Home program, which allowed customers to upgrade their homes to be more energy-efficient.
Who owns CNRG?
CNRG is owned by two Canadian businessmen, Bruce Linton and Chrisap Hoskins. The two entrepreneurs founded the company in 2015 with a mission to provide innovative, consumer-centric health plans to Canadians.
This mission motivates their product development and customer service. CNRG is a proud Canadian business and proud to serve Canadians with their products and services. They are committed to keeping the company Canadian – no foreign investors, no moving money out of the country, and even investing back into the Canadian economy.
As Canada’s leading consumer-driven health plan, CNRG is devoted to helping Canadians have access to quality care in an affordable and transparent way.
Why did Lowes buy OSH?
Lowe’s purchased OSH (Orchard Supply Hardware) in 2013 in order to expand its presence in California and to become the fifth largest home improvement retailer in the United States. With the acquisition, Lowe’s gained access to 97 stores in California, establishing a stronger physical presence in the West Coast market.
OSH had been a family owned business since 1931, and Lowe’s recognized a potential for growth in the warm climate of California and the untapped potential of the OSH brand. Secondly, Lowe’s was also looking to expand its product mix into more specialized goods, as OSH specialized in small-scale projects, and carried exclusive items including gardening supplies, outdoor equipment, and special services to help complete the desired project.
Finally, Lowe’s believed the acquisition would offer numerous operational synergies, including leveraging the more efficient distribution network of Lowe’s and the innovative supply chain of OSH to help maximize cost savings and improve the customer experience.
On the whole, these strategic initiatives resulted in Lowe’s acquisition of OSH in order to expand its presence in California, as well as to gain access to a well-known brand, products, and a strong customer base.
What happened Orchard hardware?
Orchard Hardware was a chain of hardware stores located in the United States. It operated from numerous locations across California, Colorado, Texas, Illinois and Indiana. The retail chain specialized in selling home improvement items and outdoor garden products.
The retailer and its parent company, Orchard Holding LLC, officially ceased operations and filed for Chapter 11 bankruptcy in March 2019 due to financial woes and declining customer base. The company’s downfall was mostly attributed to the rapid influx of larger do-it-yourself home improvement companies, such as Home Depot and Lowe’s, into their respective markets.
These larger stores offered lower prices, greater selection, and much larger store footprints, making it difficult for Orchard Hardware to keep up.
After Orchard Hardware declared bankruptcy, the company announced it was liquidating its 118 locations, closing all its stores in April 2019. As part of the liquidation process, all inventory was marked down by 40%, and warranties on any purchases made prior to the announcement of liquidation were voided.
As of 2020, the Orchard brand has been completely phased out.
