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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Jan. 20 /PRNewswire/ -- Lowe's


(NYSE: LOW) sales for the third week of January totaled $46.8 million, a 31 percent increase over the third week of January 1991. Sales to retail customers increased 34 percent and sales to contractors increased 27 percent.
 Week Ended: January 17, 1992 January 18, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +34 $ 29.9 64 $ 22.4 63
 Contractor Sales +27 $ 16.9 36 $ 13.3 37
 Total Sales +31 $ 46.8 100 $ 35.7 100
 Month-to-Date: January 17, 1992 January 18, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +35 $ 91.6 65 $ 67.8 65
 Contractor Sales +33 $ 48.7 35 $ 36.6 35
 Total Sales +34 $140.3 100 $104.4 100
 Rounded totals, millions of dollars
 Management commented that it was pleased with these sales, since the total of $46.8 million is a strong rebound from the 1991 decline. The January, 1990 comparable week's sales were $ 24.2 million retail, $ 18.3 million contractor, and $ 42.5 million total. The two-year compound growth rates in weekly sales are: Retail, + 11 percent; Contractor, - 4 percent; and Total, + 5 percent.
 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- 1/20/92
 /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 -- 1402 01/20/92 11:59 EST
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Date:Jan 20, 1992
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