Duckwall-ALCO Stores Reports Positive July Sales Results
August 04 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 7.6% to $33.2 million for the
fiscal four-week period ended July 31, 2011, compared to $30.8
million during the same period of the prior year. On a
comparable-store basis, excluding fuel, sales increased 7.6% versus
the prior year.
For the second quarter of fiscal 2012, sales from continuing
operations increased 7.9% to $122.0 million, compared to $113.1
million in the second quarter of fiscal 2011. On a comparable-store
basis, excluding fuel, sales increased 7.2% versus a year
earlier.
In the first six months of fiscal 2012, sales from continuing
operations increased 6.8% to $236.2 million, compared to $221.1
million in the first half of fiscal 2011. On a comparable-store
basis, excluding fuel, sales increased 5.2% versus a year
earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"Six consecutive months of positive sales performance have given
Duckwall-ALCO a solid growth trend for the first half of this
fiscal year. This achievement is a result of improved merchandise
assortments, stronger value proposition, and better customer
service. Sales growth was balanced across many categories in the
store, including Apparel, Consumables, Electronics, Housewares,
Domestics and Outdoor Furniture. Duckwall-ALCO remains committed to
building shareholder value by improving operational efficiency and
continuing comparable-store sales growth."
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 213 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
the 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: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
or
Debbie Hagen
Hagen and Partners
913-642-6363
email: dhagen@hagenandpartners.com
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