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LOWE'S ANNOUNCES JANUARY SALES UP 35 PERCENT

 LOWE'S ANNOUNCES JANUARY SALES UP 35 PERCENT
 NORTH WILKESBORO, N.C., Feb. 4 /PRNewswire/ -- Lowe's Companies,


Inc. (NYSE: LOW) announced its January sales totaled $236.2 million, a 35 percent increase over January of 1991. Retail sales increased 36 percent and sales to contractors increased 33 percent.
 5 Weeks Ended: Jan. 31, 1992 Feb. 1, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 36 $152.5 65 $112.1 64
 Contractor Sales + 33 $ 83.7 35 $ 63.0 3
 Total Sales + 35 $236.2 100 $175.1 100
 Comparable
 Stores (A) (281) + 29 $209.9 89 $162.2 93
 New Projects(B) ( 25) +133 $ 25.9 11 $ 11.1 6
 Closed Stores(C) .4 $ 1.8 1
 Total Stores (306) + 35 $236.2 100 $175.1 100
 Week Ended: Jan. 31, 1992 Feb. 1, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales +39 $ 30.9 61 $ 22.2 59
 Contractor Sales +29 $ 20.0 39 $ 15.5 41
 Total Sales +35 $ 50.9 100 $ 37.7 100
 Rounded totals, millions of dollars.
 (A) Stores open more than one year on January 1 with comparable square footage. (B) Stores open less than one year and stores which have been retrofitted or relocated within the past twelve months. (C) 6 stores closed between February 1991 and January 31, 1992.
 Relocated stores opened in Danville, Kentucky and Clarksville, Tennessee in January. A retrofitted store opened in North Knoxville,
Tennessee. During the month, a new store opened in Breckenridge,


Virginia, consolidating retail sales from our Chester, Virginia store. The Chester location will now serve as a contractor yard. An older, smaller store was closed in Durham, North Carolina at month's end.
 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 serving the home center do-it-yourself business, the consumer durables business, and the building contractor business. Lowe's operates 306 stores in 20 states.
 -0- 2/4/92
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW) CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:


CM -- CH005 -- 6606 02/04/92 10:44 EST
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Date:Feb 4, 1992
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