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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Oct. 5 /PRNewswire/ -- Lowe's


(NYSE: LOW) sales for the first week of October 1992 totaled $76.5 million, a 24 percent increase over the first week of October 1991. Sales to retail customers increased 25 percent and sales to contractors increased 22 percent.
 Week Ended: Pct. Oct. 2, 1992 Oct. 4, 1991
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 25 $ 51.4 67 $ 41.1 67
 Contractor Sales + 22 $ 25.1 33 $ 20.5 33
 Total Sales + 24 $ 76.5 100 $ 61.6 100
 Total Stores 304 307
 Rounded totals, millions of dollars
 The October 1990 comparable week's sales were $34.9 million retail, $18.0 million contractor, and $ 52.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 21 percent; Contractor, + 18 percent; and Total, + 20 percent. The October 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.
 In response to many requests, we are providing the following historical informaion on our family of stores; indicating the growing sales contributions of our new and large stores - from 21 percent of total sales for the first quarter of 1991 to 38 percent for the second quarter of 1992.
 1st Qtr. 1991
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.8 1.4 127 32
 Medium (B) 24.0 3.1 129 47
 New-Large (C) 52.2 2.7 51 21
 Total 7.2 307 100
 2nd Qtr. 1991
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.7 1.4 126 32
 Medium (B) 24.2 3.1 128 46
 New-Large (C) 52.4 2.8 53 22
 Total 7.3 307 100
 3rd Qtr. 1991
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.6 1.3 122 31
 Medium (B) 24.2 3.1 128 45
 New-Large (C) 53.2 3.1 58 24
 Total 7.5 308 100
 4th Qtr. 1991
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.7 1.2 112 27
 Medium (B) 23.9 3.0 124 43
 New-Large (C) 55.1 3.9 70 30
 Total 8.1 306 100
 1st Qtr. 1992
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.6 1.1 106 26
 Medium (B) 24.2 2.9 121 41
 New-Large (C) 56.8 4.5 80 33
 Total 8.5 307 100
 2nd Qtr. 1992
 Avg. Sq. Ft. Total Sq. Ft. Units Pct. of
 (thousands) (millions) Sales
 Old-Small (A) 10.5 1.1 100 24
 Medium (B) 24.0 2.7 114 38
 New-Large (C) 59.8 5.4 90 38
 Total 9.2 304 100
 (A) Old-Small: Pre 1984 Stores; Contractor Yards
 (B) Medium: '84 - '88 Stores
 (C) New-Large: Post '88 Expansion Stores
 Totals may vary due to rounding.
 -0- 10/05/92
 /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:


SB -- CH004 -- 6684 10/05/92 15:14 EDT
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Date:Oct 5, 1992
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