Duckwall-Alco Sees Improvements in Operating Results

ABILENE, KAN. - While unseasonably warm temperatures impaired fourth quarter sales, regional general merchandise retailer Duckwall-Alco Stores Inc. reported same-store sales increases for fiscal 2012 over the prior year.
     Richard Wilson, president and ceo, said the company attributed this improvement to the company's "merchandising strategies and enhanced product mix, which is providing Alco customers with better value and a more organized shopping environment."
     Another bright spot of note were net earnings, which also saw an improvement over the prior year thanks to "cost-reduction initiatives," he added.
     Domestics were cited as among the various better-performing categories in the fourth quarter, along with consumables.
     Net earnings for the quarter were essentially flat -- $0.8 million, or $0.22 per diluted share, compared to $0.8 million, or $0.21 per diluted share a year ago.
     Quarterly net sales from continuing operations increased 1.0% to $137.5 million, and same-store sales, excluding fuel center sales, were down 0.6% to $133.4 million.
     Net earnings for fiscal 2012 were $1.7 million, or $0.43 per diluted share, compared to a net loss of $4.6 million, or $1.20 per diluted share, in the prior year.
     Net sales were up 4.4% to $482.8 million, and same-store sales, excluding fuel center sales, for the year increased 3.0% to $467.7 million.
     "We are excited about the many improvements that have taken place throughout the company this year," Wilson said. "We are also encouraged by our sales and net earnings growth over the prior year's results."

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!