Duckwall-ALCO (DUCK) Comps Down 2.9% for February 2010
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Duckwall-ALCO Stores, Inc. (NASDAQ: DUCK) today announced that sales from continuing operations for the most recent fiscal four week period ending February 28, 2010, decreased 2.4% to $34.7 million compared to $35.5 million in the prior-year month. Same-store sales were down 2.9%. This is the first period of the new fiscal year.
Rich Wilson, President and Chief Executive Officer, commented: "February same-store sales were negatively impacted by a decrease in store traffic, primarily due to record setting snowfall across a number of our markets. We remain positive about our merchandise positioning and marketing as we enter into the spring selling period. We are committed to delivering a powerful value proposition and merchandise offering that meets the needs of our customers."
Rich Wilson, President and Chief Executive Officer, commented: "February same-store sales were negatively impacted by a decrease in store traffic, primarily due to record setting snowfall across a number of our markets. We remain positive about our merchandise positioning and marketing as we enter into the spring selling period. We are committed to delivering a powerful value proposition and merchandise offering that meets the needs of our customers."
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