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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., July 20 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the third week of July totaled $82.7 million, a 32 percent increase over the third week of July 1991. Sales to retail customers increased 38 percent and sales to contractors increased 21 percent.
 Week Ended: July 17, 1992 July 19, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +38 $ 57.8 70 $ 42.0 67
 Contractor Sales +21 $ 24.9 30 $ 20.5 33
 Total Sales +32 $ 82.7 100 $ 62.5 100
 Total Stores 305 307
 Month-to-Date: July 17, 1992 July 19, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +34 $185.3 72 $137.8 70
 Contractor Sales +23 $ 72.2 28 $ 58.6 30
 Total Sales +31 $257.5 100 $196.4 100
 Rounded totals, millions of dollars
 The July 1990 comparable week's sales were $ 35.2 million retail, $ 20.4 million contractor, and $ 55.6 million total. The two-year compound growth rates in weekly sales are: Retail, + 28 percent; Contractor, + 10 percent; and Total, + 22 percent. The July 1990 comparable week's sales were from 307 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 also announced today the retirement of Wendell Emerine, Executive Vice President-Sales and Store Operations, effective July 31, 1992.
 Mr. Emerine is taking an early retirement from Lowe's to pursue other interests, after a distinguished 23-year career. Management expressed great appreciation for his manifold contributions to the company, his strong work ethic, and his dedicated service.
 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 305 stores in 20 states.
 -0- 7/20/92
 /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 -- CH008 -- 0895 07/20/92 16:10 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
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