Lowe’s is no stranger to California. Its stores there account for 6 percent of its sales, according to (). But () gets one-tenth of its sales there, which is one of the major reasons it has outperformed Lowe’s of late, reports Bloomberg Businesweek.
Orchard Supply would give Lowe’s instant local cred in the market. It’s been there in one form or another since the Great Depression, and Lowe’s plans to keep its stores operating under the Orchard Supply name, according to the Wall Street Journal.