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FEBRUARY DOMESTIC COMPARABLE STORE SALES ROSE 3.1 PERCENT AT WOOLWORTH CORPORATION

 FEBRUARY DOMESTIC COMPARABLE STORE SALES ROSE 3.1 PERCENT
 AT WOOLWORTH CORPORATION
 NEW YORK, March 5 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) reported that domestic comparable store sales for the four weeks ended February 29, 1992, rose 3.1 percent over the comparable prior-year period.
 Total sales (domestic and foreign) for the four-week period rose 0.1 percent to $593 million from $592 million.
 Domestic sales for the four-week period decreased 0.7 percent to $349 million from $352 million, and foreign sales, expressed in U.S. dollars, rose 1.4 percent. If foreign exchange rates had remained constant, foreign sales would have increased 5.1 percent and total sales would have increased 1.6 percent.
 Harold E. Sells, chairman and chief executive officer, said, "The decline in domestic sales is attributable to the exclusion of sales generated by United States stores that are part of the company's accelerated redeployment program." Under the redeployment program, announced January 8, the company said it plans to close, sell or reformat some 900 underperforming U.S. stores.
 -0- 3/5/92 R
 /CONTACT: Frances E. Trachter of Woolworth Corporation, 212-553-2394/
 (Z) CO: Woolworth Corporation ST: New York IN: REA SU:


TS -- NY015 -- 5402 03/05/92 11:18 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:205
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