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%|