Duckwall-ALCO Stores, Inc. Reports October Sales
November 06 2003 - 8:30AM
PR Newswire (US)
Duckwall-ALCO Stores, Inc. Reports October Sales ABILENE, Kan.,
Nov. 6 /PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc. , a
leading regional retailer operating 263 full-line discount and
hometown variety stores in 21 states in the central portion of the
United States, today announced that sales for the four weeks ended
November 2, 2003 (fiscal month of October) increased approximately
5.7% to $31.4 million, compared with $29.7 million in the
prior-year month. Same-store sales increased approximately 0.1% for
the month. ALCO stores, which generate approximately 92% of the
Company's total revenues, recorded a 0.5% same-store sales
decrease, while the Duckwall division recorded an increase of 7.1%.
Merchandise categories that were particularly strong during October
included consumables, health and beauty aids, domestics, sporting
goods, appliances and electronics. Unseasonably warm weather this
year caused sales of various apparel categories, such as outerwear,
to perform below last year's levels and the Company's expectations.
For the 13 weeks ended November 2, 2003, sales increased
approximately 9.4% to $100.5 million, compared with $91.8 million
in the corresponding period of the previous fiscal year. Same-store
sales increased 3.0% when compared with the prior-year period. For
the 39 weeks ended November 2, 2003, sales increased approximately
7.5% to $310.0 million, compared with $288.5 million in the
corresponding period of the previous fiscal year. Same-store sales
increased 0.9% when compared with the prior-year period. The
Company did not open or close any stores during the month of
October 2003. Duckwall-ALCO Stores, Inc. is a leading regional
retailer that operates 263 full-line discount and hometown variety
stores in 21 states in the central portion of the United States
under the names "ALCO" and "Duckwall," respectively. The Company's
strategy is to target smaller markets not served by other regional
or national full-line retail discount chains and provide the most
convenient access to retail shopping within each market.
Duckwall-ALCO Stores, Inc. is headquartered in Abilene, Kansas, and
its common stock is listed on the Nasdaq National Market under the
symbol "DUCK". 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. CONTACT: Dick Mansfield Vice
President, Finance, Treasurer and Chief Financial Officer
785-263-3350 x286 e-mail: internet home page:
http://www.duckwall.com/ or RJ Falkner & Company, Inc.,
Investor Relations Counsel at (800) 377-9893 or via e-mail at
DATASOURCE: Duckwall-ALCO Stores, Inc. CONTACT: Dick Mansfield,
Vice President, Finance, Treasurer and Chief Financial Officer,
Duckwall-ALCO Stores, Inc., +1-785-263-3350 ext. 286, ; or RJ
Falkner & Company, Inc., Investor Relations Counsel,
+1-800-377-9893, , for Duckwall-ALCO Stores, Inc. Web site:
http://www.duckwall.com/
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