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Duckwall-ALCO Stores Reports Positive November Sales Results

ABILENE, Kan., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations for the most recent fiscal four-week period ending November 28, 2010, increased 8.5% to $43.5 million compared to $40.1 million in the prior-year month. Same-store sales increased 5.8%.

Sales year-to-date decreased 1.8% to $379.4 million compared to prior-year sales of $386.2 million, and same-store sales decreased 3.2%.

On November 29, 2010, the Company announced it will close 43 of its 44 Duckwall stores during the fourth quarter of the fiscal year and convert the remaining one to an ALCO store. The following table summarizes the fiscal 2011 sales comparisons for the ALCO and Duckwall stores:

Same-store results: Nov. 28 Period Year to Date
ALCO same-store sales 6.3% (3.0)%
Duckwall same-store sales (6.9)% (7.5)%
Total same-store sales 5.8% (3.2)%
     
ALCO percent of total sales 96.4% 96.0%
Duckwall percent of total sales 3.6% 4.0%

Rich Wilson, President and Chief Executive Officer, commented, "We are encouraged by the ALCO stores' 6.3% same-store sales increase in November, including a robust improvement for Thanksgiving week compared to 2009. Results were strongest in apparel, consumables, electronics, sporting goods, hardware, domestics and small appliances."

Mr. Wilson added, "November marks the second complete month of our new ALCO store layouts and merchandise selections, plus the integration of our partnership with Associated Wholesale Grocers to offer the 'Best Choice' and 'Always Save' brands. Our core customer is responding positively to ALCO's improved value proposition and customer experience. Sales were positive in all four ALCO regions: Southern, Northwest, Northern Plains and Central Plains."

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