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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., March 23 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the third week of March totaled $ 54.9 million, a 17 percent decrease over the third week of March 1992. Sales to retail customers decreased 19 percent and sales to contractors declined 14 percent.
 Week Ended: Mar. 19, 1993 Mar. 20, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales (19) $ 36.9 67 $ 45.2 68
 Contractor Sales (14) $ 18.0 33 $ 20.9 32
 Total Sales (17) $ 54.9 100 $ 66.1 100
 Total Stores 301 307
 Month-to-Date: Mar. 19, 1993 Mar. 20, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales ( 4) $132.1 67 $138.1 69
 Contractor Sales + 3 $ 65.4 33 $ 63.4 31
 Total Sales ( 2) $197.5 100 $201.5 100
 Rounded totals, millions of dollars
 The March 1991 comparable week's sales were $ 42.5 million retail, $ 15.3 million contractor, and $ 57.8 million total. The two-year compound growth rates in weekly sales are: Retail, ( 7) percent; Contractor, + 8 percent; and Total, ( 3) percent. The March 1991 comparable week's sales were from 307 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 301 stores in 20 states, and were recently selected as one of the 100 Best Companies to work for in America.
 -0- 3/23/93
 /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:

SB -- CH007 -- 9268 03/23/93 12:52 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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