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NEW YORK, July 10 /PRNewswire/ -- Woolworth Corporation (NYSE:Z) reported sales for the
five-week period ended July 5, 1997 of $681 million, versus $708 million in the comparable
year-earlier period, a decrease of 3.8 percent. For this same five-week period, comparable store
sales decreased 3.1 percent.

For the 22 weeks ended July 5, 1997, sales decreased 2.4 percent to $2,971 million from $3,044
million in the comparable year-earlier period. For this same 22 week period, comparable store
sales decreased 2.7 percent.

Excluding the effect of translation rates, particularly as it relates to the Company's German
operations, sales for the five-week period decreased 0.7 percent while sales for the 22 week
period increased 0.4 percent. Sales of businesses disposed of during 1996 and 1997 have been
excluded from all calculations.
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