Duckwall-ALCO Enters Into Co-Branding Retail Franchise Agreement With RadioShack
August 24 2006 - 8:30AM
PR Newswire (US)
RadioShack Brand and Products Initially to Be Added to Nine ALCO
Stores ABILENE, Kan., and FORT WORTH, Texas, Aug. 24
/PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc. (NASDAQ:DUCK)
and RadioShack Corporation (NYSE:RSH) today announced a co-branding
retail franchise agreement to promote RadioShack's brand and
products in nine additional ALCO stores in the central United
States this year. The agreement will enable those ALCO stores to
expand their assortment to include RadioShack's well-recognized
brand and product lines while enabling RadioShack to further grow
its franchise retail presence in the area. "By co-branding with
RadioShack, we are enticing customers to visit more frequently by
having two brands they know and respect under one roof," said Bruce
Dale, president and chief executive officer of Duckwall-ALCO
Stores. "Our test program with RadioShack in our Abilene, Kan.,
store has been a huge success, and we saw electronics sales exceed
expectations during the four- month test period." "We're extremely
pleased to have this co-branding opportunity to join with such a
respected retailer as Duckwall-ALCO," said Paul Rickels,
RadioShack's vice president-dealer franchise. "This enables us to
offer our broad line of consumer electronics to customers who
otherwise might not have access to the latest products and
technologies. Convenient store locations in neighborhoods across
the country are a part of our heritage, and Duckwall-ALCO enables
us to cost-effectively build on that tradition." The initial
co-branding rollout at ALCO stores in Texas, Oklahoma, Arkansas,
Kansas and North Dakota is expected to be complete by the end of
October, with more co-branded RadioShack locations to be opened in
other yet- to-be-named ALCO stores by year-end. Dale said if
results follow those of the Abilene test store, he expects the
co-branding agreement to expand to additional ALCO stores over the
next year. About Duckwall-ALCO Stores Duckwall-ALCO Stores, Inc. is
a regional retailer that specializes in offering an exceptional
product selection at reasonable prices to smaller communities
throughout the central United States. Our specialty is delivering
those products with the friendly, personal service found in the
stores of yesteryear, but with the modern convenience our customers
have come to expect. With 254 stores across 21 states, we are proud
to have continually provided high quality products at good value
prices to our customers for 105 years. About RadioShack Corporation
Fort Worth, Texas-based RadioShack Corporation is one of the
nation's most trusted consumer electronics specialty retailers and
a growing provider of retail support services. The company operates
a vast network of sales channels, including: more than 6,000
company and dealer stores; more than 100 RadioShack locations in
Mexico and Canada; and nearly 800 wireless kiosks. RadioShack's
knowledgeable and helpful sales associates deliver convenient
product and service solutions within minutes of where all Americans
either live or work. For more information on RadioShack
Corporation, visit http://www.radioshackcorporation.com/ . To learn
more about RadioShack products and services or to purchase items
online, visit http://www.radioshack.com/ . Forward-looking
statements This press release contains forward-looking statements,
as referenced in the Private Securities Litigation Reform Act of
1995 ("the Act"). Any forward-looking statements are made by the
Company in good faith, pursuant to the safe harbor provisions of
the Act. These forward-looking statements reflect management's
current views and projections regarding economic conditions, retail
industry environments and Company performance. Factors, which could
significantly change results, include but are not limited to: sales
performance, expense levels, competitive activity, interest rates,
changes in the Company's financial condition and factors affecting
the retail category in general. Additional information regarding
these and other factors may be included in the Company's quarterly
10-Q filings and other public documents, copies of which are
available from the Company on request.
http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO
http://photoarchive.ap.org/ DATASOURCE: RadioShack Corporation;
Duckwall-ALCO Stores, Inc. CONTACT: Michael S. Marcus, Vice
President, Chief Financial Officer of Duckwall-ALCO Stores, Inc.,
+1-785-263-3350 ext. 164, or ; or Debbie Hagen of Hagen and
Partners, +1-913-652-6547, for Duckwall-ALCO Stores, Inc.; or
Charles Hodges of RadioShack Corporation, +1-817-415-3300, or Web
site: http://www.radioshackcorporation.com/
http://www.radioshack.com/ http://www.alcostores.com/
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