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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., July 12 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the second week of July totaled $106.9 million, a 28 percent increase over the second week of July 1992. Sales to retail customers increased 43 percent and sales to contractors declined 6 percent.
 Week Ended: Jul. 9, 1993 Jul. 10, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +43 $ 84.1 79 $ 59.0 71
 Contractor Sales (6) $ 22.8 21 $ 24.2 29
 Total Sales +28 $106.9 100 $ 83.2 100
 Total Stores 302 305
 Month-to-Date: Jul. 9, 1993 Jul. 10, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +21 $154.0 76 $127.5 73
 Contractor Sales + 4 $ 49.4 24 $ 47.3 27
 Total Sales +16 $203.4 100 $174.8 100
 Rounded totals, millions of dollars
 The July 1991 comparable week's sales were $ 42.2 million retail, $ 21.2 million contractor, and $ 63.4 million total. The two-year compound growth rates in weekly sales are: Retail, + 41 percent; Contractor, + 4 percent; and Total, + 30 percent. The July 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 302 stores in 20 states, and were recently ranked in Doubleday's newest edition of The 100 Best Companies to Work For in America.
 -0- 7/12/93
 /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:

CM -- CH007 -- 0422 07/12/93 12:32 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
Words:300
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