Duckwall-ALCO 1st-quarter Loss Narrows
ABILENE, Kan. (AP) ¿ Discount-store operator Duckwall-ALCO Stores Inc. said Thursday its fiscal first-quarter loss narrowed, helped by cost cutting and better sales.
Loss for the first-quarter totaled $50,000, or a penny per share, compared with a loss of $5.9 million, or $1.54 per share last year. Results include an $800,000 charge from a turnaround program.
Revenue rose 9 percent to $115.5 million from $105.7 million last year.
The company is in the midst of a turnaround program, including revamping merchandise, cutting costs and making technology investments.
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