Updated August 22

All Orchard Supply Hardware stores will shut their doors for good by early next year, corporate parent Lowe's confirmed Wednesday.

The chain of upscale hardware and garden stores has four outlets in the Portland area, one of which is the location of the former Hollywood Bowl.

The Hollywood location was closed Tuesday evening around 8 p.m., before the posted closing time of 9 p.m.

"Store temporarily closed," read a sign taped to the door. "We will reopen tomorrow for normal business hours. We apologize for the inconvenience."

A sandwich board sign in front of the store read "Store closed today" in handwritten letters.

The closure of the stores in Beaverton, Portland and Tigard will affect 112 employees, according to a company memo. The Oregon stores will close on or around Oct. 20.

Lowe's purchased the San Jose-based chain in 2013 after Orchard Supply Hardware filed for Chapter 11 bankruptcy.

In its quarterly financial report Wednesday, Lowe's said it will close all 99 Orchard Supply Hardware stores in California, Oregon and Florida, along with a distribution facility that serves them. Lowe's said it will incur costs between $390 million and $475 million to account for leases obligations and other factors associated with the closure.

The company's stock rose 8 percent in early trading Wednesday.

"While it was a necessary business decision to exit Orchard Supply Hardware, decisions that impact our people are never easy. We will be providing outplacement services for impacted associates, and they will be given priority status if they choose to apply for other Lowe's positions," Lowe's chief executive Marvin Ellison said in a written statement.

All stores will close by the end of Lowe's fiscal year, which concludes in January or early February.

Michael Russell, Elliot Njus, Mike Rogoway and Andrew Theen contributed to this report.

-- Lizzy Acker

503-221-8052

lacker@oregonian.com, @lizzzyacker