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SEPTEMBER DOMESTIC COMPARABLE STORE SALES ROSE 5.5 PERCENT AT WOOLWORTH CORPORATION

 SEPTEMBER DOMESTIC COMPARABLE STORE SALES ROSE 5.5 PERCENT
 AT WOOLWORTH CORPORATION
 NEW YORK, Oct. 8 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) reported that domestic comparable store sales for the five weeks ended October 3, 1992, rose 5.5 percent from the corresponding prior-year period.
 Total sales (domestic and foreign) for the five-week period rose 4.6 percent to $913 million from $873 million.
 Domestic sales for the five-week period increased 1.5 percent to $504 million from $496 million in the corresponding prior-year period. Total domestic sales for the 1992 reporting periods do not include sales from some 900 United States stores covered by the company's accelerated store-redeployment program announced in January.
 Foreign sales, expressed in United States dollars, rose 8.6 percent. If foreign exchange rates had remained constant, foreign sales would have increased 6.3 percent and total sales would have increased 3.6 percent.
 For the cumulative thirty-five weeks ended October 3, 1992, domestic comparable store sales increased 1.8 percent from the corresponding prior-year period.
 Total sales (domestic and foreign) for the thirty-five-week period rose 0.7 percent to $6,170 million from $6,127 million in the corresponding year-earlier period.
 Domestic sales for the thirty-five-week period decreased 1.4 percent to $3,536 million from $3,586 million, and foreign sales, expressed in United States dollars, increased 3.7 percent. If foreign exchange rates had remained constant, foreign sales would have increased 1.9 percent and total sales would have been unchanged from the prior-year period.
 Harold E. Sells, chairman and chief executive officer, said, "Generally, both foreign and domestic comparable store sales for the September reporting period were above expectations. General merchandise sales and margins are under pressure, particularly in Germany and the United States. However, we are encouraged by recent strengthening in our specialty store sales, most notably athletic footwear, and the favorable implications for specialty store profit margins in the third quarter and beyond."
 -0- 10/8/92
 /CONTACT: Frances E. Trachter of Woolworth Corporation, 212-553-2394/
 (Z) CO: Woolworth Corporation ST: New York IN: REA SU:


AH -- NY015 -- 0297 10/08/92 09:13 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:353
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