US retailer Lowe's goes small in Manhattan as big-box era fades
New York
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 metres). The location is a quarter the size of its suburban home-improvement centres 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.
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