Duckwall-Alco 3Q Sales Slip

Duckwall-Alco said third-quarter sales fell 0.6% to $110.5 million and same-store sells dropped 2.3%.
     Net loss for the quarter ended Oct. 31 widened to $2.0 million, or 53 cents per share, from a net loss of $1.4 million, or 38 cents per share. Year to date, the net loss was $5.3 million, or $1.37 per share, compared to net earnings of $1.5 million, or 40 cents per share, in the year-ago period.
     Earnings were impacted by a $484,000 charge related to the reset of 214 Alco stores, a $210,000 charge for integrating a pair of Associated Wholesale Grocers' brands into the product mix and $60,000 in severance related to layoffs in the home office.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!