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JUNE SALES ROSE 0.9 PERCENT AT WOOLWORTH CORPORATION

 NEW YORK, July 8 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) today reported that total sales for the five weeks ended July 3, 1993, rose 0.9 percent to $869 million from $861 million in the comparable year-earlier period.
 Domestic sales for the five-week period increased 4.4 percent to $505 million from $484 million, and foreign sales, expressed in U.S. dollars, declined 3.7 percent. If foreign exchange rates had remained constant, foreign sales would have increased 2.5 percent and total sales would have increased 3.6 percent. Domestic comparable store sales for the five-week period declined 0.5 percent.
 For the cumulative twenty-two weeks ended July 3, total sales rose 1.7 percent to $3,746 million from $3,684 million in the corresponding year-earlier period.
 Domestic sales for the twenty-two-week period increased 2.6 percent to $2,161 million from $2,106 million, and foreign sales, expressed in U.S. dollars, rose 0.4 percent. If foreign exchange rates had remained constant, foreign sales would have increased 4.1 percent and total sales would have increased 3.3 percent. Domestic comparable store sales for the twenty-two-week period declined 1.2 percent.
 William K. Lavin, chairman of the board and chief executive officer, said, "Consumer spending continues to be under pressure in our principal markets, and sales are continuing to run well below plan. Consequently, we are anticipating that earnings for the second quarter will fall well below last year's second quarter," Lavin added.
 -0- 7/8/93
 /CONTACT: Frances E. Trachter of Woolworth Corporation, 212-553-2394/
 (Z)


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

TS -- NY014 -- 9352 07/08/93 09:03 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
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