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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Jan. 3 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the first week of January 1994 totaled $ 74.4 million, an 18% increase over the first week of January 1993. Sales to retail customers increased 16% and sales to contractors grew 23%.
 Week Ended: Dec. 31, 1993 Jan.1, 1993
 Change Sales Mix Sales Mix
 Retail Sales + 16% $ 56.9 76% $ 48.9 77%
 Contractor Sales + 23% $ 17.5 24% $ 14.2 23%
 Total Sales + 18% $ 74.4 100% $ 63.1 100%
 Total Stores 312 305
 Rounded totals, millions of dollars
 Management commented that this was a six-day sales week versus a seven-day sales week last year, due to the Christmas holiday on Saturday, Dec. 25, 1993. The January 1992 comparable week's sales were $30.7 million retail, $13.5 million contractor, and $44.2 million total. The two-year compound growth rates in weekly sales are: Retail, + 36%; Contractor, + 14%; and Total, + 30%. The January 1992 comparable week's sales were from 306 stores.
 Lowe's monthly sales report series will continue to summarize four- week, four-week, and five-week totals, including comparable store sales results. Lowe's quarterly news releases of sales and earnings will continue to present precise calendar totals.
 Lowe's is a specialty retailer of home improvement products. The company serves customers in 312 stores in 20 states, and was recently ranked in Doubleday's newest edition of The 100 Best Companies to Work For in America.
 -0- 1/3/94
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, 910-651-4631 or 910-651-4254/
 (LOW)


CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU: SLS

CM -- CH003 -- 8481 01/03/94 11:39 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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