Duckwall-ALCO Stores Announces Positive February Sales Results
March 01 2012 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 3.4% to $36.5 million for the
fiscal four-week period ended February 26, 2012, compared to $35.3
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales increased 1.1% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"Sales for February were driven by increases in Housewares, Small
Appliances, Furniture, Food, Health Care and Beauty Care products.
We are pleased that our strategy to reduce promotional activity in
the Electronics business was offset by increased sales as we
enhanced marketing and product assortments in more profitable areas
of the store. As we enter into the new fiscal year, we remain
focused on providing ALCO customers with exciting new products –
quality merchandise at compelling value."
In addition, we are pleased to announce that a new ALCO location
will be opening later this spring in Pinedale, Wyoming. This gives
us the opportunity to extend the ALCO brand and meet the everyday
shopping needs of this community.
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m.
Central Time on Friday, April 13, 2012, to discuss operating
results for the fourth quarter and fiscal year ended January 29,
2012. The dial-in number for the conference call is 888-221-9588
(international/local participants dial 913-981-5546), and the
Conference Code is 5403523. Parties interested in
participating in the conference call should dial in approximately
five minutes prior to 10:00 a.m. Central Time. A replay of the
call will be available after 1:30 p.m. Central Time April 13, 2012
through April 18, 2012, by dialing 888-203-1112
(international/local participants dial 719-457-0820), and the
Replay Code is 5403523. A replay of the call will also be
available four hours after completion of the call by visiting the
Investors page on the Company's website, www.ALCOstores.com.
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a broad-line retailer, primarily
located in small underserved communities across 23 states. The
Company has 216 ALCO stores that offer both name brand and private
label products of exceptional quality at reasonable prices. We
are proud to have continually provided friendly, personal service
to our customers for the past 111 years. To learn more about
the Company, visit www.ALCOstores.com.
The Duckwall-ALCO Stores, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5865
Forward-looking statements
This press release contains forward-looking statements, as
referenced in the Private Securities Litigation Reform Act of 1995
("the Act"). Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan,"
"project" and similar future-looking terms. You should not rely
unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections
regarding economic conditions, retail industry environments, and
the Company performance. Forward-looking statements inherently
involve risks and uncertainties, and, accordingly, actual results
may vary materially. 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 10-Q filings and
other public documents, copies of which are available from the
Company on request and are available from the United States
Securities and Exchange Commission.
CONTACT: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
or
Debbie Hagen
Hagen and Partners
913-642-6363
email: dhagen@hagenandpartners.com
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