Lowe's Takes On Big Apple With Small Formats

October 27, 2014

Home improvement in New York is in for a new look in 2015 when Lowe's opens two tiny stores in Manhattan.

Lowe's is coming to Manhattan to bring homeowners, renters and professional customers the products and services they need to maintain and improve their homes and businesses, the company said.  Its two stores are slated to open in the second half of 2015 at 2008 Broadway at West 68th Street and 635 6th Avenue at West 19th Street.

"We are excited to expand our presence to Manhattan and we look forward to offering Lowe's project expertise and tailored product selection in two convenient locations," said Richard Maltsbarger, Lowe's chief development officer.  "We know customers in Manhattan are already shopping with Lowe's online and at our New York area stores.  Based on our research, we are developing these locations to meet the unique needs of these customers."

Both stores will be approximately 30,000 sq. ft. and offer products and services that are locally relevant to customers, including appliances in a variety of sizes, home organization and storage products to maximize space, and inspiring home decor and accessories to refresh living areas.  Most items will be in-stock and many will be delivered from Lowe's New York area stores.

Lowe's operates roughly 1,835 stores in the U.S., Canada and Mexico and most are larger than 100,000 sq. ft.

Source: Retailing Today