Los Angeles Business Journal

Orchard Files for Bankruptcy, Seeks Sale to Lowe's

Monday, June 17, 2013

Orchard Supply Hardware Stores Corp. which was spun off by Sears Holdings Corp. less than two years ago, has filed for Chapter 11 bankruptcy protection, Reuters and the Wall Street Journal report, with rival retailer Lowe's Companies acting as a "stalking horse bidder" in a planned sale of assets.