Duckwall-Alco Stores Reports Positive September Sales Results
06 Outubro 2011 - 9:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 4.0% to $41.7 million for the
fiscal five-week period ended October 2, 2011, compared to $40.1
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales increased 3.0% from a year earlier.
For the eight months ended October 2, 2011, fiscal year-to-date
sales from continuing operations increased 6.0% to $311.4 million,
compared to $293.8 million during the same period of the prior
fiscal year. On a same-store basis, year-to-date sales excluding
fuel increased 4.6% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"We are pleased with the continued trend of same-store sales
increases as September marks the eighth consecutive month of
positive year-over-year results. The improvement continues to come
from several areas of the business, including Commodities,
Softlines, and Housewares divisions, with particularly solid
performances in Girlswear, Ladies Bottoms, Infants, and Shoes."
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 213 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 110 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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