Orchard Supply Hardware has announced that it will close its Lodi store on Cherokee Lane this year, according to a consultant for Orchard.
The Lodi store is one of 17 Orchard Supply stores planned for closure between Yuba City and Los Angeles. Announced on Monday, the Lodi store will close in the late summer or the fall, depending on how quickly items are sold, according to Leigh Parrish of FTI Consulting.
The closure comes as a result of Orchard Supply filing for Chapter 11 bankruptcy this year.
Lodi has two other large hardware stores — Lowe’s at the northwest corner of Kettleman Lane and Lower Sacramento Road, and a Home Depot store in the Reynolds Ranch area of south Lodi, west of Highway 99 off Armstrong Road.
Orchard Supply officials evaluated historical sales, location and how it fits with the company’s future growth strategy at all its stores, but Lodi didn’t fit the bill, Parrish said.
Customers at Lodi’s Orchard Supply store were surprised to see a large yellow banner with the words “Store closing” when they came to shop on Wednesday afternoon.
“I can’t believe the store’s closing,” said Mae Jenkins, a Lodi resident for at least 25 years. “I can’t wait till I tell my husband about it. He loves those tools.”
Twenty-five year Lodi resident Katherine Galindo said that Orchard Supply provides outstanding service in the plumbing department.
Jim Pruss, who has lived in Lodi since 1963, said he is disappointed in Orchard Supply’s plans to close because of its convenient location on Lodi’s Eastside. However, he realizes that Lowe’s and Home Depot provide some stiff competition.
Pruss said that Orchard Supply is a great store, but it can be high-priced, especially for items like lumber.
“It’s kind of a shame to see the little ones go,” Pruss said. “What’s neat about these stores is if you need a nut or bolt, they have them.”
Lowe’s Companies, the world’s second largest home improvement retailer, announced plans on Monday to acquire 72 Orchard Supply stores for about $205 million, subject to bankruptcy court approval.
However, it was Orchard Supply’s decision to close the Lodi store and 16 others in California, Parrish said.
Lowe’s was advised by Orchard that no additional bids were received by the Aug. 9 deadline, according to a Lowe’s news release. The transaction will be presented to the bankruptcy court for approval on Aug. 20, and Lowe’s anticipates completing the acquisition by the end of August.
Contact reporter Ross Farrow at email@example.com.