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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Sept. 14 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the second week of September totaled 76.8 million, a 31 percent increase over the second week of September 1991. Sales to retail customers increased 46 percent and sales to contractors increased 5 percent.
 Week Ended: Sept. 11, 1992 Sept. 13, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +46 $ 55.3 72 $ 38.0 65
 Contractor Sales + 5 $ 21.5 28 $ 20.5 35
 Total Sales +31 $ 76.8 100 $ 58.5 100
 Total Stores 304 307
 Month-to-Date: Sept. 11, 1992 Sept. 13, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +38 $112.2 70 $ 81.5 68
 Contractor Sales +28 $ 48.9 30 $ 38.1 32
 Total Sales +35 $161.1 100 $119.6 100
 Rounded totals, millions of dollars
 The September 1990 comparable week's sales were $ 31.3 million retail, $ 19.5 million contractor, and $ 50.8 million total. The two- year compound growth rates in weekly sales are: Retail, + 33 percent; Contractor, + 5 percent; and Total, + 23 percent. The September 1990 comparable week's sales were from 305 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- 9/14/92
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW) CO: Lowes Companies, Inc. ST: North Carolina IN: REA SU:


CM -- CH003 -- 9061 09/14/92 10:52 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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