Duckwall-ALCO Stores, Inc. Reports March Sales
April 08 2004 - 9:30AM
PR Newswire (US)
Duckwall-ALCO Stores, Inc. Reports March Sales ABILENE, Kan., April
8 /PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc. , a leading
regional retailer operating 264 full-line discount and hometown
variety stores in 21 states inthe central portion of the United
States, today announced that sales for the five weeks ended April
4, 2004 (fiscal month of March) increased approximately 7.7% to
$38.3 million, compared with $35.5 million in the prior-year month.
Same-store sales increased approximately 2.4% for the month. ALCO
stores, which generate approximately 92% of the Company's total
revenues, recorded a 1.8% same-store sales increase, while the
Duckwall division recorded an increase of 9.2%. Sales for the month
benefitedslightly due to the fact that Easter occurs one week
earlier this year than in 2003. Merchandise categories that were
particularly strong during March included: consumables, domestics,
jewelry, infants/toddlers, toys, pet supplies, sporting goods, lawn
& garden products, appliances, electronics and men's apparel.
For the nine weeks ended April 4, 2004, total sales increased
approximately 6.8% to $69.0 million, versus $64.6 million in the
corresponding period of the prior year, while same-store sales
increased approximately 1.2%. The Company did not open or close any
ALCO or Duckwall stores during the month of March 2004.
Approximately 7 new ALCO stores are expected to open during the
current fiscal year. Duckwall-ALCO Stores, Inc. is a
leadingregional 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 Investor
Relations Counsel, RJ Falkner & Company, Inc., +1-800-377-9893,
, for Duckwall-ALCO Stores, Inc. Web site: http://www.duckwall.com/
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