Duckwall-ALCO Stores Reports Positive February Sales Results
March 03 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations for the fiscal four-week period ended
February 27, 2011, increased 5.5% to $35.5 million, compared to
$33.6 million during the same period of the prior year. On a
comparable store basis, excluding fuel, sales increased 3.1% versus
the prior year.
Rich Wilson, President and Chief Executive Officer, commented,
"Despite the impact of inclement weather during the first two
weeks, our February sales performance represents a solid start to
the new fiscal year. We continue to achieve positive momentum
as a result of several key initiatives that include enhancing the
shopping experience for ALCO customers, improving product
selection, and integrating the 'Best Choice' and 'Always Save'
private label brands."
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a broad-line retailer, primarily
located in small underserved communities across 23 states. The
Company has 214 ALCO stores that offer both name brand and private
label products of exceptional quality at reasonable prices. We
are proud to have continually provided friendly, personal service
to our customers for the past 110 years. To learn more about
the Company, 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"). Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan,"
"project" and similar future-looking terms. You should not rely
unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections
regarding economic conditions, retail industry environments, and
Company performance. Forward-looking statements inherently involve
risks and uncertainties, and, accordingly, actual results may vary
materially. 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: For more information, contact:
Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
or
Debbie Hagen
Hagen and Partners
913-652-6547
email: dhagen@hagenandpartners.com
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