This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,952.18 +39.89 0.24%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,762.2570 -28.8950 -0.60%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs