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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Feb. 16 /PRNewswire/ -- Lowe's (NYSE: LOW)sales for the second week of February totaled $ 72.0 million, a 33 percent increase over the second week of February 1992. Sales to retail customers increased 32 percent and sales to contractors grew 35 percent.
 Week Ended: Pct. Feb. 12, 1993 Feb. 14, 1992
 Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +32 $ 45.6 63 $ 34.6 64
 Contractor Sales +35 $ 26.4 37 $ 19.5 36
 Total Sales +33 $ 72.0 100 $ 54.1 100
 Total Stores 303 307
 Month-to-Date: Pct. Feb. 12, 1993 Feb. 14, 1992
 Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +30 $ 92.0 64 $ 70.8 64
 Contractor Sales +27 $ 51.6 36 $ 40.5 36
 Total Sales +29 $143.6 100 $111.3 100
 Rounded totals, millions of dollars
 The February 1991 comparable week's sales were $ 25.3 million retail, $14.0 million contractor, and $ 39.3 million total. The two-year compound growth rates in weekly sales are: Retail, + 34 percent; Contractor, + 37 percent; and Total, + 35 percent. The February 1991 comparable week's sales were from 309 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 of home improvement products. We serve customers in 303 stores in 20 states, and were recently selected as one of the 100 Best Companies to work for in America.
 -0- 2/16/93
 /CONTACT: W. Cliff Oxford or Clarissa S. Felts, 919-651-4631 or 919-651-4254, of Lowe's Companies/
 (LOW)


CO: Lowe's Companies ST: North Carolina IN: REA SU:

MM -- CH002 -- 6745 02/16/93 09:17 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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