ABILENE, Kan., May 5, 2011 (GLOBE NEWSWIRE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations for the fiscal four-week period ended May 1, 2011, increased 9.1% to $35.3 million, compared to $32.3 million during the same period of the prior year. On a comparable-store basis, excluding fuel, sales increased 6.8% versus the prior year. The year-over-year comparison reflects the shift of Easter holiday shopping from March in the prior year to April this year.
Sales in the first quarter of fiscal 2012 increased 5.6% to $114.6 million, compared to $108.5 million in the first quarter of fiscal 2011. On a comparable-store basis, excluding fuel, sales increased 3.2% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "We have now completed our second consecutive quarter of comparable-store sales increases, and we are very pleased with the momentum of our improved value proposition for consumers. We continue to invest in driving top-line growth and remain focused on delivering on strategic initiatives to increase profitability for shareholders."
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 214 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 110 years. To learn more about the Company, visit .
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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: email@example.com