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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., June 9 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the first week of June 1992 totaled $77.5 million, a 13 percent increase over the first week of June 1991. Sales to retail customers increased 14 percent and sales to contractors increased 11 percent.
 Week Ended: Pct. June 5, 1992 June 7, 1991
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 14 $53.6 69 $46.9 69
 Contractor Sales + 11 $23.9 31 $21.6 31
 Total Sales + 13 $77.5 100 $68.5 100
 Total Stores 307 307
 Rounded totals, millions of dollars
 The June 1990 comparable week's sales were $39.1 million retail, $22.5 million contractor, and $61.6 million total. The two-year compound growth rates in weekly sales are: Retail, + 17 percent; Contractor, + 3 percent; and total, + 12 percent. The June 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- 6/9/92
 /CONTACT: W. Cliff Oxford or Clarrissa 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:


JZ -- CH006 -- 8351 06/09/92 12:02 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 9, 1992
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