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DECEMBER DOMESTIC COMPARABLE STORE SALES ROSE 2.0% AT WOOLWORTH CORPORATION

 NEW YORK, Jan. 6 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) reported that domestic comparable store sales for the five-week period ended January 1, 1994 rose 2.0 percent.
 Domestic comparable store sales for the forty-eight-week period ended January 1, 1994, declined 0.2 percent.
 On October 13, the company announced a repositioning program under which 970 stores in the United States and Canada were scheduled to be closed. Sales of these stores are excluded from sales reported after October 2, 1993.
 Total sales for the five weeks ended January 1, 1994, declined 5.9 percent to $1,469 million from $1,560 million in the comparable year-earlier period.
 Domestic sales for the five-week period decreased 3.0 percent to $881 million from $909 million. Foreign sales, expressed in U.S. dollars, declined 9.9 percent. If foreign exchange rates had remained constant, foreign sales would have decreased 4.9 percent and total sales would have decreased 3.8 percent.
 For the forty-eight weeks ended January 1, 1994, total sales declined 2.5 percent to $9,044 million from $9,274 million in the corresponding year-earlier period.
 Domestic sales for the forty-eight-week period increased 0.4 percent to $5,282 million from $5,263 million. Foreign sales, expressed in U.S. dollars, declined 6.2 percent. If foreign exchange rates had remained constant, foreign sales would have decreased 0.4 percent and total sales would have been unchanged from the prior year.
 If sales of the stores in the repositioning program, which were excluded from the five weeks ended January 1, 1994, were also excluded from the corresponding prior-year period, domestic sales for the five- and forty-eight-week periods would have increased 9.3 percent and 4.4 percent, respectively, and total sales for the five- and forty-eight-week periods would have increased 3.5 percent and 0.6 percent, respectively.
 -0- 1/6/94
 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
 (Z)


CO: Woolworth Corporation ST: New York IN: REA SU: SLS

LG -- NY020 -- 9679 01/06/94 09:19 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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