Printer Friendly

LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., July 6 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the first week of July 1993 totaled $96.6 million, a 5 percent increase over the first week of July 1992. Sales to retail customers increased 2 percent and sales to contractors increased 15 percent. Management noted that the $91.6 million sales for the week ending July 3, 1992 was the highest weekly sales total for all of fiscal 1992.
 Week Ended: Pct. July 2, 1993 July 3, 1992
 Change Sales Pct. Mix Sales Pct. Mix
 Retail Sales + 2 $ 69.9 72 $ 68.5 75
 Contractor Sales + 15 $ 26.7 28 $ 23.1 25
 Total Sales + 5 $ 96.6 100 $ 91.6 100
 Total Stores 301 305
 Rounded totals, millions of dollars
 The two-year compound growth rates in weekly sales are: Retail, + 14 percent; Contractor, + 26 percent; and Total, + 17 percent. The July 1991 comparable week's sales from 307 stores, were $ 53.6 million retail, $ 16.9 million contractor, and $ 70.5 million total.
 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- 7/6/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's Companies, 919-651-4631 or 919-651-4254/
 (LOW)


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

MM -- CH001 -- 8613 07/06/93 12:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 6, 1993
Words:277
Previous Article:TRIAD UNVEILS REVOLUTIONARY PRISM AUTOMOTIVE MANAGEMENT SYSTEM
Next Article:INSIGNIA COMPLETES ACQUISITION OF SECURITY PROPERTIES' $1 BILLION PORTFOLIO
Topics:


Related Articles
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES
LOWE'S ANNOUNCES WEEKLY SALES(z)

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters