Duckwall-ALCO Stores Reports Positive January Sales Results
ABILENE, Kan., Feb. 3, 2011 (GLOBE NEWSWIRE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations for the most recent fiscal four-week period ending January 30, 2011, increased 0.2% to $28.10 million compared to $28.05 million in the prior-year month. Same-store sales decreased 1.9%.
Sales for the fourth quarter of fiscal 2011 increased 4.5% to $135.1 million, compared to the prior-year $129.3 million. Same-store sales increased 1.8%.
Sales year-to-date decreased 0.7% to $457.7 million, compared to prior-year sales of $461.0 million. Same-store sales decreased 2.4%.Rich Wilson, President and Chief Executive Officer, commented, "January sales for ALCO Stores were impacted by severe winter storms in our northern and central plains areas and by decreases in electronics, toys, and decor businesses. We achieved increased sales in the month for our food and consumables business and our apparel departments." "Our fourth-quarter 1.8% sales increase represents the first positive comparable-sales quarter in the past seven quarters and reflects the success of our strategy to re-position ALCO over the past 10 months to drive additional store traffic, improve the Company's value proposition, and improve store execution. Fourth-quarter sales were comp-positive in food and consumables, apparel and hardlines businesses." Comparable Sales by Quarter of Fiscal 2011:
CONTACT: Wayne S. Peterson Senior Vice President - Chief Financial Officer 785-263-3350 X164 email: wpeterson@ALCOstores.com or Debbie Hagen Hagen and Partners 913-652-6547 email: firstname.lastname@example.org
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