Lowe’s Squeezes Into Manhattan Space as Big-Box Era Fades
A Lowe's store on the corner of Broadway and 68th Street in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
At the site of a former grocery store on Manhattan’s Upper West Side, Lowe’s Cos. is tackling the ultimate challenge for big-box retail: going small.
In two weeks, Lowe’s will open a store on the corner of Broadway and 68th Street that’s just 30,000 square feet (2,800 square meters). The location is a quarter the size of its suburban home-improvement centers and represents the company’s first foray into Manhattan in its 69-year history. But it’s more notable as a testing ground for what could be Lowe’s next sales engine -- cities.