The Orchard Supply Hardware store in Burbank is clearing things out before closing down, with the hardware store slashing prices in a final clearance sale.
The OSH, located on Victory Boulevard, is one of 17 in the state being closed in the wake of the San Jose-based chain’s entrance into Chapter 11 bankruptcy this summer and its subsequent acquisition by competitor Lowe’s Companies Inc.
Until it closes, all merchandise in the store is being sold at 25% to 70% off.
Leigh Parrish, an OSH spokeswoman, said because stores will close based on how quickly clearance merchandise sells, the company couldn’t set official closing dates.
“They may move merchandise around [to different] stores, so some stores in that group may close sooner than others,” she said.
The clearance sale is being managed by an outside company, Great American Group, which specializes in store closure sales.
Joy Forbes, Burbank’s community development director, said Friday that the city is starting to reach out to see what the property owner wants to do in the wake of the store closure.