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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Oct. 25 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the fourth week of October totaled $ 84.9 million, a 17 percent increase over the fourth week of October 1992. Sales to retail customers increased 16 percent and sales to contractors grew 17 percent.
 Week Ended: Oct. 22, 1993 Oct. 23, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +16 $ 58.8 69 $ 50.5 69
 Contractor Sales +17 $ 26.1 31 $ 22.3 31
 Total Sales +17 $ 84.9 100 $ 72.8 100
 Total Stores 302 304
 Month-to-Date: Oct. 22, 1993 Oct. 23, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +22 $249.3 70 $204.7 69
 Contractor Sales +17 $109.0 30 $ 93.5 31
 Total Sales +20 $358.3 100 $298.2 100
 Rounded totals, millions of dollars
 The October 1991 comparable week's sales were $ 42.3 million retail, $ 17.9 million contractor, and $ 60.2 million total. The two-year compound growth rates in weekly sales are: Retail, + 18 percent; Contractor, + 21 percent; and Total, + 19 percent. The October 1991 comparable week's sales were from 308 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- 10/25/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts of Lowe's, 919-651-4631 or 919-651-4254/
 (LOW)


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

MM -- CH009 -- 6312 10/25/93 12:12 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:300
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