Home improvement retailer Lowe’s is expanding its retail network with the opening of its first smaller format store in Manhattan, New York City.

The company also plans to open its second store in the region in September.

The proposed stores will be a quarter of the size of a typical 100,000ft2 Lowe’s store and will offer a wide range of products and services, New York Post reported.

These stores will house a garage department to sell sporting goods such as bike racks rather than lawn mowers and a storage department for removable closet organizers.

Additionally, the stores will offer appliances built for smaller kitchens such as an 18-inch dishwasher and a 24-inch, two-drawer fridge.

However, most of the furniture and appliances for the new stores’ customers will be supplied by the chain’s 10 nearby stores.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the expansion, Lowe’s Market Concept Development vice president Jonathan Luster said: "We couldn’t have opened this several years ago.

"We’ve started to leverage our network of stores, connecting them to the online business and to each other."

As of 21 May 2015, Lowe’s operated approximately 1,840 home improvement and hardware stores in North America. The company offers products for maintenance, repair, remodeling, and home decorating.