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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Dec. 21 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the third week of December, 1992 totaled $80.7 million, a 30 percent increase over the third week of December, 1991. Sales to retail customers increased 32 percent and sales to contractors increased 26 percent.
 Week Ended: Dec. 18, 1992 Dec. 20, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +32 $ 59.7 74 $ 45.3 73
 Contractor Sales +26 $ 21.0 26 $ 16.7 27
 Total Sales +30 $ 80.7 100 $ 62.0 100
 Total Stores 305 306
 Month-to-Date: Dec. 18, 1992 Dec. 20, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +34 $175.5 73 $130.5 71
 Contractor Sales +25 $ 65.7 27 $ 52.4 29
 Total Sales +32 $241.2 100 $182.9 100
 Rounded totals, millions of dollars
 The December, 1990 comparable week's sales were $36.3 million retail, $12.4 million contractor, and $48.7 million total. The two-year compound growth rates in weekly sales are: Retail +28 percent, Contractor +30 percent, and Total +29 percent. The December, 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 305 stores in 20 states.
 -0- 12/21/92
 /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:

MM -- CH007 -- 0076 12/21/92 11:08 PST
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Publication:PR Newswire
Date:Dec 21, 1992
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