Duckwall-ALCO Stores Announces Its CEO Will Join the Board of Directors
July 27 2010 - 5:19PM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK), today announced that Rich
Wilson, President and Chief Executive Officer, will join the
Company's Board of Directors effective immediately.
Wilson joined the Company in February of this year. Prior to
joining Duckwall-ALCO he served as Principal of Corporate Alliance
Group, a management consulting company specializing
in marketing, product development, planning, strategy and
brand management for the retail and wholesale
trade. Previously, Wilson had been Senior Vice President,
General Merchandise, for BJ's Wholesale Club, and an executive with
May Department Stores and Macy's.
Royce Winsten, Duckwall-ALCO's Chairman of the Board, commented,
"The Board is impressed with the changes Rich is making to move the
Company in the right direction. We look forward to Rich's
perspective and expertise being added to the mix on the Board."
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a regional broad line retailer
that specializes in meeting the needs of smaller, underserved
communities across 23 states, primarily in the central United
States. The Company offers an exceptional selection of quality
products and recognized brand names at reasonable prices. Its
specialty is delivering those products with the friendly, personal
service its customers have come to expect. With 256 stores,
Duckwall-ALCO Stores is proud to have continually provided
excellent products at good value prices to its customers for 109
years. To learn more about Duckwall-ALCO Stores, Inc. visit
www.ALCOstores.com.
The Duckwall-ALCO Stores, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5865
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 10-Q
filings and other public documents, copies of which are available
from the Company on request and are available from the United
States Securities and Exchange Commission.
CONTACT: Duckwall-ALCO Stores, Inc.
Donny R. Johnson, Executive Vice President
- Chief Financial Officer
785-263-3350 X164
djohnson@ALCOstores.com
Hagen and Partners
Debbie Hagen
913-652-6547
dhagen@hagenandpartners.com
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