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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Jan. 4 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the first week of January 1993 totaled $63.1 million, a 43 percent increase over the first week of January 1992. Sales to retail customers increased 59 percent and sales to contractors increased 5 percent.
 Week Ended: Pct. Jan. 1, 1993 Jan. 3, 1992
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 59 $ 48.9 77 $ 30.7 69
 Contractor Sales + 5 $ 14.2 23 $ 13.5 31
 Total Sales + 43 $ 63.1 100 $ 44.2 100
 Total Stores 305 306
 Rounded totals, millions of dollars
 The January 1991 comparable week's sales were $ 25.3 million retail, $ 11.2 million contractor, and $ 36.5 million total. The two-year compound growth rates in weekly sales are: Retail, + 39 percent; Contractor, + 12 percent; and Total, + 31 percent. The January 1991 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- 1/4/93
 /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 -- CH004 -- 1357 01/04/93 14:01 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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