The store was one of 17 Orchard stores that was passed over by Lowe's in its recent buy-out deal. The Torrance store, as well as 16 other low-performing Orchard locations in California, are in the process of liquidating their inventories.
“Orchard is closing these locations as part of its Chapter 11 (bankruptcy) filing process,” spokeswoman Leigh Parrish told the news source. “They looked at the performance of the (Torrance) store even over a short time period. It did not fit within their repositioning and growth strategy.”
The 50,000-sq.-ft. store initially opened Sept. 1 last year with a redesigned look and a race-track configuration that streamlined traffic flow, as well as an expanded customer service area and a large paint and nursery section. According to the Daily Breeze, Torrance Mayor Frank Scotto referenced the store opening as a promising sign of economic growth in his yearly State of the City Speech last May.
“We believe our formula will enable Orchard to ‘own’ the neighborhood market for home repair and maintenance, painting and especially backyard living," said president and CEO Mark Baker in an announcement of the store opening last fall.
The Daily Breeze reports that many people, including store employees, were unaware of the decision until very recently.
The store began its going-out-of-business sale Wednesday.
CORRECTION: Orchard Supply has issued a notice that its Hawthorne Blvd. location will remain open, while its Pacific Coast Highway store in Torrance will close.