Duckwall-ALCO (DUCK) Comps Down 4.3% in June
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Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) reports total sales for the month of June were $48 million, down 3.4% from the same period last year. Same store sales fell 4.3%.
Larry Zigerelli, President and CEO, commented, "Despite soft sales performance, due primarily to unseasonably cool weather for the month of June, all elements of our strategic turnaround program that began last fall remain on track. Gross margin and SG&A progress continues ahead of plan and inventory on seasonal products is now selling through. We remain confident in same-store sales progress near term."
Larry Zigerelli, President and CEO, commented, "Despite soft sales performance, due primarily to unseasonably cool weather for the month of June, all elements of our strategic turnaround program that began last fall remain on track. Gross margin and SG&A progress continues ahead of plan and inventory on seasonal products is now selling through. We remain confident in same-store sales progress near term."
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