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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Aug. 10 /PRNewswire/ -- Lowe's sales for the


first week of August 1992 totaled $76.6 million, a 28 percent increase over the first week of August 1991. Sales to retail customers increased 32 percent and sales to contractors increased 22 percent.
 Week Ended: Pct. Aug. 7, 1992 Aug. 9, 1991
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 32 $ 52.3 68 $ 39.7 66
 Contractor Sales + 22 $ 24.3 32 $ 20.0 34
 Total Sales + 28 $ 76.6 100 $ 59.7 100
 Total Stores 304 307
 Rounded totals, millions of dollars
 The August 1990 comparable week's sales were $ 33.7 million retail, $ 19.6 million contractor, and $ 53.3 million total. The two-year compound growth rates in weekly sales are: Retail, + 25 percent; Contractor, + 11 percent; and Total, + 20 percent. The August 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 is a specialty retailer serving the home center do-it- yourself business, the consumer durables business, and the building contractor business. Lowe's operates 304 stores in 20 states.
 -0- 8/10/92
 /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:


JZ -- CH003 -- 8566 08/10/92 13:58 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
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