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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., June 15 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the second week of June totaled $ 96.5 million, a 27 percent increase over the second week of June 1992. Sales to retail customers increased 32 percent and sales to contractors grew 16 percent.
 Week Ended: Jun. 11, 1993 Jun. 12, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +32 $ 69.5 72 $ 52.7 69
 Contractor Sales +16 $ 27.0 28 $ 23.3 31
 Total Sales +27 $ 96.5 100 $ 76.0 100
 Total Stores 301 307
 Month-to-Date: Jun. 11, 1993 Jun. 12, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +32 $140.2 73 $106.3 69
 Contractor Sales +10 $ 52.0 27 $ 47.2 31
 Total Sales +25 $192.2 100 $153.5 100
 Rounded totals, millions of dollars
 The June 1991 comparable week's sales were $ 44.5 million retail, $ 21.4 million contractor, and $ 65.9 million total. The two-year compound growth rates in weekly sales are: Retail, + 25 percent; Contractor, + 12 percent; and Total, + 21 percent. The June 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 ranked in Doubleday's newest edition of The 100 Best Companies To Work For In America.
 -0- 6/15/93
 /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 -- CH002 -- 1988 06/15/93 09:34 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:300
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