Duckwall-ALCO Stores, Inc. Reports October Sales
November 04 2004 - 8:30AM
PR Newswire (US)
Duckwall-ALCO Stores, Inc. Reports October Sales ABILENE, Kan.,
Nov. 4 /PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc.
(NASDAQ:DUCK), 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 its sales for
the four weeks ended October 31, 2004 (fiscal month of October)
increased approximately 2.5% to $31.6 million, compared with $30.8
million in the prior-year month. Same-store sales increased
approximately 1.3% during fiscal October 2004 when compared with
the prior-year period. ALCO stores, which generate approximately
92% of the Company's total revenues, recorded a 1.2% same-store
sales increase, while the Duckwall division recorded an increase of
2.1% in same-store sales. Merchandise categories that were
particularly strong during October included: electronics, men's
footwear, pet supplies, and girls wear. For the thirteen weeks
ended October 31, 2004, total sales increased approximately 1.3% to
$99.9 million, versus $98.6 million in the corresponding period of
the previous fiscal year, while same-store sales were essentially
flat when compared with the prior-year period. For the thirty-nine
weeks ended October 31, 2004, total sales increased approximately
2.0% to $310.2 million, versus $304.2 million in the corresponding
period of the previous fiscal year, while same-store sales were
essentially flat when compared with the corresponding period of the
previous fiscal year. During the month of October, 2004, the
Company did not open or close any ALCO or Duckwall stores. Store
openings during the first thirty-nine weeks of the current fiscal
year included 3 new ALCO stores, 2 ALCO Market Place stores
(conversions), and 2 new Duckwall stores. Approximately 3 new ALCO
stores are scheduled to open during the balance of the fiscal year.
Additionally, the Company expects to convert one additional ALCO
location to its new "ALCO Market Place" format before the end of
the fiscal year. Founded in 1901, 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", "ALCO Market Place" 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: CONTACT: Dick
Mansfield, Vice President, Finance, Treasurer and Chief Financial
Officer of Duckwall-ALCO Stores, Inc., +1-785-263-3350 x286, ; 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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