Duckwall-ALCO Stores, Inc. Reports November Sales
December 04 2003 - 8:30AM
PR Newswire (US)
Duckwall-ALCO Stores, Inc. Reports November Sales ABILENE, Kan.,
Dec. 4 /PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc. , a
leading regional retailer operating 264 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 30, 2003 (fiscal month of November) increased
approximately 9.2% to $37.2 million, compared with $34.0 million in
the prior-year month. Same-store sales increased approximately 3.2%
for the month. ALCO stores, which generate approximately 93% of the
Company's total revenues, recorded a 3.0% same-store sales
increase, while the Duckwall division recorded an increase of 5.8%.
Merchandise categories that were particularly strong during
November included: consumables, health and beauty aids, men's
footwear, infants, girls and men's ready-to-wear, appliances,
electronics and automotive. For the 43 weeks ended November 30,
2003, sales increased approximately 7.7% to $347.2 million,
compared with $322.5 million in the corresponding period of the
previous fiscal year. Same-store sales increased 1.2% when compared
with the prior-year period. The Company opened 1 ALCO store in
Arizona during the month of November 2003. This brings the total
number of ALCO openings this fiscal year to 8, compared with 5 ALCO
openings in the previous fiscal year. Duckwall-ALCO Stores, Inc. is
a leading regional retailer that operates 264 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 of
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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