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LOWE'S ANNOUNCES NOVEMBER SALES

 NORTH WILKESBORO, N.C., Nov. 30 ~PRNewswire~ -- Lowe's Companies, Inc. (NYSE: LOW) announced its November sales totaled $284.2 million, a 25 percent increase over November of 1991. Retail sales increased 30 percent and sales to contractors increased 13 percent.
 4 Weeks Ended: Nov. 27, 1992 Nov. 29, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 30 $203.8 72 $156.9 69
 Contractor Sales + 13 $ 80.4 28 $ 71.0 31
 Total Sales + 25 $284.2 100 $227.9 100
 Comparable Stores (A) 260 + 18 $239.2 84 $202.7 89
 New Projects - $ 3.1 1
 Total Sales + 25 $284.2 100 $227.9 100
 Total Stores 305
 Week Ended: Nov. 27, 1992 Nov 29, 1991
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 26 $ 52.0 78 $ 41.2 73
 Contractor Sales (1) $ 14.8 22 $ 15.0 27
 Total Sales + 19 $ 66.8 100 $ 56.2 100
 Total Stores 305 306
 Rounded totals, millions of dollars
 (A) Stores open more than one year on November 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) 10 stores closed between November, 1991 and July 24, 1992
 Management commented that the November, 1990 comparable week's sales were $ 35.9 million retail, $ 18.3 million contractor, and $ 54.2 million total. The two-year compound growth rates in weekly sales are: Retail, + 20 percent; Contractor, (10) percent; and Total, + 11 percent. The November 1990 comparable week's sales were from 307 stores.
 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 305 stores in 20 states.
 -0- 11~30~92
 ~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 -- CH008 -- 2073 11~30~92 16:44 EST
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Publication:PR Newswire
Date:Nov 30, 1992
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