For the 11-month period (48 weeks) ended January 1, 2012,
sales from continuing operations increased
4.6% to $455.3 million, compared to $435.2 million during the
same period of the prior year. On a same- store basis,
excluding fuel, sales for the 48 weeks increased 3.2% versus
a year earlier.
Rich Wilson, President and Chief Executive Officer,
commented, "The continued unseasonably warm temperatures
negatively impacted seasonal businesses in several of our
markets. The warm weather had a particularly negative impact
on cold weather apparel, but also negatively impacted
seasonal products in domestics, automotive and hardware.
Sales performance was better in our Northern Plains and
Southern regions, and businesses that performed better than
Company trend included food, health and beauty, Christmas
Trim, housewares, home storage, furniture, and sporting
goods."
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 217 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.
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.
###
For more information, contact: Wayne S. Peterson Senior Vice President - Chief Financial Officer 785-263-3350 X164 email: wpeterson@ALCOstores.com or Debbie Hagen Hagen and Partners 913-642-6363email: dhagen@hagenandpartners.com
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