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JUNE DOMESTIC COMPARABLE STORE SALES ROSE 0.6 PERCENT AT WOOLWORTH CORPORATION

 JUNE DOMESTIC COMPARABLE STORE SALES ROSE 0.6 PERCENT
 AT WOOLWORTH CORPORATION
 NEW YORK, July 9 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) reported that domestic comparable store sales for the five weeks ended July 4, 1992, rose 0.6 percent from the corresponding prior-year period.
 Total sales (domestic and foreign) for the five-week period declined 1.6 percent to $861 million from $875 million.
 Domestic sales for the five-week period declined 2.5 percent to $483 million from $496 million. Domestic sales for the 1992 reporting period reflect the elimination of sales of some 900 stores which are part of the company's accelerated store-redeployment program. Sales generated by those stores in 1991 are reflected in the 1991 reporting period.
 Foreign sales, expressed in U.S. dollars, declined 0.5 percent. If foreign exchange rates had remained constant, foreign sales would have declined 2.8 percent and total sales would have declined 2.6 percent.
 For the cumulative 22 weeks ended July 4, 1992, domestic comparable store sales increased 0.8 percent from the corresponding prior-year period.
 Total sales (domestic and foreign) for the 22-week period declined 1.1 percent to $3,683 million from $3,725 million in the corresponding year-earlier period.
 Domestic sales for the 22-week period decreased 3.0 percent to $2,106 million from $2,171 million, and foreign sales, expressed in U.S. dollars, increased 1.5 percent. If foreign exchange rates had remained constant, foreign sales would have increased 1.1 percent and total sales would have decreased 1.3 percent.
 -0- 7/9/92
 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
 (Z) CO: Woolworth Corporation ST: New York IN: REA SU:


SM -- NY013 -- 7735 07/09/92 09:17 EDT
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Publication:PR Newswire
Date:Jul 9, 1992
Words:285
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