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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Feb. 10 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the first week of February 1992 totaled $57.2 million, a 39 percent increase over the first week of February 1991. Sales to retail customers increased 36 percent and sales to contractors increased 45 percent.
 Week Ended: Pct. Feb. 7, 1992 Feb. 8, 1991
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 36 $ 36.3 63 $ 26.7 65
 Contractor Sales + 45 $ 20.9 37 $ 14.4 35
 Total Sales + 39 $ 57.2 100 $ 41.1 100
 Rounded totals, millions of dollars
 Management commented that it was pleased with these sales, since the total of $57.2 million is a strong rebound from the 1991 decline. The February 1990 comparable week's sales were $ 27.4 million retail, $ 19.4 million contractor, and $ 46.8 million total. The two-year compound growth rates in weekly sales are: Retail, + 15 percent; Contractor, + 4 percent; and Total, + 11 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- 2/10/92
 /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:


1345 -- CH004 -- 8399 02/10/92 14:55 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Feb 10, 1992
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