Duckwall-ALCO Stores (DUCK) Same Store Sales Drop 6.3%

Duckwall-ALCO Stores (Nasdaq: DUCK) announced that sales from continuing operations for the five weeks ended January 4, 2009 decreased 2.0% to $67.2 million compared to $68.6 million in the prior-year month. Total sales, excluding fuel, decreased 0.4% over the prior-year month. Same-store sales for the period decreased 6.3%.

Sales year-to-date increased 3.1% to $459.6 million compared to $446.0 million in the prior year, and same-store sales decreased 5.7%, with and without fuel.

Larry Zigerelli, President and Chief Executive Officer, commented, "While not at all satisfied with our same-store sales decline, performance was on-track with our turn around plan. We expect same-store sales growth in the near term resulting from our strengthened merchandising and operations programs."

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Duckwall-ALCO Stores, Inc. is a regional retailer that specializes in meeting the needs of smaller, underserved communities across 23 states, primarily in the central United States.

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