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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., March 16 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the second week of March totaled $69.4 million, a 39 percent increase over the second week of March 1991. Sales to retail customers increased 43 percent and sales to contractors increased 32 percent.
 Week Ended: March 13, 1992 March 15, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +43 $ 48.2 69 $ 33.8 68
 Contractor Sales +32 $ 21.2 31 $ 16.1 32
 Total Sales +39 $ 69.4 100 $ 49.9 100
 Total Stores 307 308
 Month-to-Date: March 13, 1992 March 15, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +39 $ 92.9 69 $ 66.8 67
 Contractor Sales +32 $ 42.5 31 $ 32.2 33
 Total Sales +37 $135.4 100 $ 99.0 100
 Rounded totals, millions of dollars
 Management commented that it was pleased with these sales, since the total of $69.4 million is a strong rebound from the 1991 decline. The March, 1990 comparable week's sales were $ 40.7 million retail, $ 20.2 million contractor, and $ 60.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 9 percent; Contractor, + 2 percent; and Total, + 7 percent. The March 1990 comparable week's sales were from 306 stores.
 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 307 stores in 20 states.
 -0- 3/16/92
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of 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 -- 8296 03/16/92 11:56 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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