ALCO Stores, Inc. Announces Positive December Sales Results
ABILENE, Kan., Jan. 3, 2013 (GLOBE NEWSWIRE) -- ALCO Stores, Inc.
(Nasdaq:ALCS) today announced that sales from continuing operations, excluding
fuel, increased 4.4% to $67.9 million for the fiscal five-week period ended
December 30, 2012, compared to $65.0 million during the same period of the
prior year. On a same-store basis, excluding fuel, sales increased 1.1% from a
On a year-to-date basis, sales from continuing operations, excluding fuel,
increased 2.2% to $450.9 million for the fiscal 48-week period ended December
30, 2012, compared to $441.2 million during the same period of the prior year.
On a same-store basis, excluding fuel, sales for the 48-week period decreased
1.0% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "We are pleased
with our December sales results, especially in light of the highly competitive
environment and difficult economic landscape. Customers responded to our
merchandise and value proposition to deliver a successful 2012 holiday season
for ALCO Stores. Sales were led by increases in food and consumables, toys,
housewares, domestics, gifts and stationery, as well as ladies apparel. I
would also like to acknowledge our team of store associates who made a
significant contribution to our success by providing improved customer service
and a clean, easy-to-shop store environment."
About ALCO Stores, Inc.
ALCO Stores, Inc. is a broad-line retailer, primarily located in small
underserved communities across 23 states. The Company has 217 ALCO stores that
offer both name brand and private label products of exceptional quality at
reasonable prices. We are proud to have continually provided friendly,
personal service to our customers for the past 111 years. To learn more about
the Company, visit www.ALCOstores.com.
The ALCO Stores, Inc. logo is available at
This press release contains forward-looking statements, as referenced in the
Private Securities Litigation Reform Act of 1995 ("the Act"). Forward-looking
statements can be identified by the inclusion of "will," "believe," "intend,"
"expect," "plan," "project" and similar future-looking terms. You should not
rely unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections regarding
economic conditions, retail industry environments, and the Company
performance. Forward-looking statements inherently involve risks and
uncertainties, and, accordingly, actual results may vary materially. Factors
which could significantly change results include but are not limited to: sales
performance, expense levels, competitive activity, interest rates, changes in
the Company's financial condition, and factors affecting the retail category
in general. Additional information regarding these and other factors may be
included in the Company's 10-Q filings and other public documents, copies of
which are available from the Company on request and are available from the
United States Securities and Exchange Commission.
CONTACT: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
Hagen and Partners
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