There could be a new
Lowe's store on the way for Baltimore. The hardware retailer detailed its expansion plans that it says will take it into high-density metropolitan markets iboth around the country and internationally. The box-store retailer will also renew its focus on lower to middle price points and make improvements to its internet site in the coming months.
The plans is open 62 to 66 new stores by the end of 2009. Another 35 to 45 new stores,10 of them in international markets, will open in 2010.
"We will focus in 2010 on high-volume, metro-market opportunities � high-density markets where we have minimal coverage, like Washington D.C., New York, Boston, San Francisco, San Jose, Denver and Baltimore," explains Gregory Bridgeford, executive vice president of Business Development. "We have far fewer stores in these markets than our major competitor."
No annoucements will be made about the exact location of the proposed stores until the company has completed its real estate survey.
Wherever the company settles on for its latest stores it will mean new jobs. According to Karen Coob, a Lowe's spokesperson, if the location is 116,000 square feet, then Lowe's will need to fill about 175 postions, the majority of which will be full-time. Slightly smaller stores measuring 94,000 square feet will provide employment for about 120 mostly full-time workers.
Source: Karen Cobb, Lowe's
Writer: Walaika Haskins