Duckwall-ALCO Stores Announces June Sales Results
05 July 2012 - 10:30PM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations, excluding fuel, decreased 2.9% to $46.8
million for the fiscal five-week period ended July 1, 2012,
compared to $48.1 million during the same period of the prior year.
On a same-store basis, excluding fuel, sales decreased 5.9% from a
year earlier.
On a year-to-date basis, sales from continuing operations,
excluding fuel, increased 2.4% to $202.4 million for the fiscal
22-week period ended July 1, 2012, compared to $197.7 million
during the same period of the prior year. On a same-store basis,
excluding fuel, sales decreased 0.2% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"Although we had expected June to be a challenging month due to the
fiscal calendar shift, sales were disappointing. Unlike the prior
year, customer shopping patterns shifted out of the June fiscal
period due to the timing of the first few days of July and the
Fourth of July shopping weekend. In addition, severe thunderstorms
over the weekend negatively impacted holiday
sales. Finally, there appears to be on-going concern in
consumer confidence regarding macro-economic conditions.
While we work continuously to provide great products at great
values, same-store sales were most negatively impacted in
non-essential categories."
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a broad-line retailer, primarily
located in small underserved communities across 23 states. The
Company has 216 ALCO stores that offer both name brand and private
label products of exceptional quality at reasonable prices. We
are proud to have continually provided friendly, personal service
to our customers for the past 111 years. To learn more about
the Company, visit www.ALCOstores.com.
The Duckwall-ALCO Stores, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5865
Forward-looking statements
This press release contains forward-looking statements, as
referenced in the Private Securities Litigation Reform Act of 1995
("the Act"). Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan,"
"project" and similar future-looking terms. You should not rely
unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections
regarding economic conditions, retail industry environments, and
the Company performance. Forward-looking statements inherently
involve risks and uncertainties, and, accordingly, actual results
may vary materially. Factors which could significantly change
results include but are not limited to: sales performance, expense
levels, competitive activity, interest rates, changes in the
Company's financial condition, and factors affecting the retail
category in general. Additional information regarding these and
other factors may be included in the Company's 10-Q filings and
other public documents, copies of which are available from the
Company on request and are available from the United States
Securities and Exchange Commission.
CONTACT: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
or
Debbie Hagen
Hagen and Partners
913-642-6363
email: dhagen@hagenandpartners.com
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