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Lowe’s is Trying Some Smaller Format Stores

Lowe’s is Trying Some Smaller Format Stores

Rob Samtmann | Aug 12, 2015 |

Lowe’s Cos. Inc. is beginning an experiment in going miniature soon when it opens the first of two stores in Manhattan.

The first store, which opens Aug. 17, is on the Upper West Side at 2008 Broadway at West 68th Street. A second will open in September Chelsea at 635 Sixth Ave. at West 19th Street.

At 30,000 square feet, the stores are about one-quarter the size of a typical Lowe’s suburban big-box location.

They are the first Lowe’s stores to open in Manhattan, where competitor Home Depot (NYSE:HD) operates three stores that are three times the size of the new Lowe’s.

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Rob Samtmann

Rob is Managing Principal of Equity Retail Brokers and he specializes in tenant representation and leasing.

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