Duckwall-ALCO Stores, Inc. Reports December Sales
January 06 2005 - 8:30AM
PR Newswire (US)
Duckwall-ALCO Stores, Inc. Reports December Sales ABILENE, Kan.,
Jan. 6 /PRNewswire-FirstCall/ -- Duckwall-ALCO Stores, Inc.
(NASDAQ:DUCK), a leading regional retailer operating 265 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 five weeks ended January 2, 2005 (fiscal month of December)
increased approximately 3.4% to $61.3 million, compared with $59.3
million in the prior-year month. Same-store sales increased
approximately 1.0% during fiscal December 2004 when compared with
the year-earlier period. ALCO stores, which generate approximately
93% of the Company's total revenues, recorded a 1.0% same-store
sales increase, while the Duckwall division recorded an increase of
0.8% in same-store sales. Management believes that same-store sales
comparisons with last year continue to be unfavorably impacted by
higher gasoline prices, which have affected discretionary spending
by consumers in recent months. Merchandise categories that were
particularly strong during December 2004 included: consumables,
crafts, domestics, stationery, toys, infants / toddlers, pet
supplies, sporting goods and ladies. For the forty-eight weeks
ended January 2, 2005, total sales increased approximately 2.1% to
$407.8 million, versus $399.5 million in the corresponding period
of the previous fiscal year, while same-store sales were
essentially flat. During the month of December 2004, the Company
did not open or close any ALCO or Duckwall stores. Store openings
during the first forty-eight weeks of the current fiscal year
included 6 new ALCO stores, 3 ALCO Market Place stores
(conversions), and 2 new Duckwall stores. No additional ALCO stores
are scheduled to open during the balance of the fiscal year.
Founded in 1901, Duckwall-ALCO Stores, Inc. is a leading regional
retailer that operates 265 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: 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, Web site: http://www.duckwall.com/
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