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LOWE'S ANNOUNCES OCTOBER SALES UP 18 PERCENT

 LOWE'S ANNOUNCES OCTOBER SALES UP 18 PERCENT
 NORTH WILKESBORO, N.C., Nov. 4 /PRNewswire/ -- Lowe's Companies,


Inc. (NYSE: LOW) announced its October sales totaled $304.0 million, an 18 percent increase over October of 1990. In the month, sales to retail customers increased 19 percent and sales to contractors increased 14 percent. The table below presents sales comparisons and trends:
 5 Weeks Ended: Nov. 1, 1991 Nov. 2, 1990
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 19 $205.0 67 $171.6 66
 Contractor Sales + 14 $ 99.0 33 $ 86.9 34
 Total Sales + 18 304.0 100 $258.5 100
 Comparable
 Stores (A) (290) + 15 $282.7 93 $246.3 95
 New
 Projects (B)( 18) + 97 $ 21.3 7 $ 10.8 4
 Closed
 Stores (C) $ 1.4 1
 Total Stores (308) + 18 $304.0 100 $258.5 100
 Week Ended: Nov. 1, 1991 Nov. 2, 1990
 Pct. Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales +16 $ 43.1 68 $ 37.3 66
 Contractor Sales + 8 $ 20.7 32 $ 19.1 34
 Total Sales +13 $ 63.8 100 $ 56.4 100
 Rounded totals, millions of dollars
 (A) Stores open more than one year on October 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) 3 stores closed between December 1990 and March 1991
 A new store opened in Chantilly, Virginia in October. Relocations opened in Dothan, Alabama; Jackson, Tennessee; and Lumberton, North Carolina during the month. Incremental square footage increased 203,000 square feet.
 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 308 stores in 20 states.
 -0- 11/4/91
 /CONTACT: Corporate Contact -- W. Cliff Oxford, 919-651-4631, or Clarissa S. Felts 919-651-4254, both of Lowe's Companies, Inc./
 (LOW) CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU: DF -- CH009 -- 0849 11/04/91 15:49 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1991
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