Duckwall-ALCO (DUCK) Reports 0.9% Slide in October Comps
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Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) reports total sales for the month of October were 35$ million, down 0.9% from the same period last year. Same store sales fell 0.9%.
Larry Zigerelli, President and Chief Executive Officer, commented: "October same-store sales reflect continued progress over the past several months. Halloween same-store sales were strong, up 2.5% over a year ago, with clean inventory coming out of the season. This is encouraging, combined with continued gross margin results ahead of plan, as we enter the critical holiday selling period. All elements of our strengthened merchandising and marketing program are in place to take full advantage of the season. Our strategic transformation plan that began last fall remains on or ahead of schedule. We anticipate continued near-term progress."
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