Lowe’s to open new small format stores in New York City

2 August 2015 (Last Updated August 2nd, 2015 18:30)

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

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.

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.