Orlando, FL 7/5/12 (StreetBeat) – Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations, excluding fuel, decreased 2.9% to $46.8 million for the fiscal five-week period ended July 1, 2012, compared to $48.1 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 5.9% from a year earlier.
On a year-to-date basis, sales from continuing operations, excluding fuel, increased 2.4% to $202.4 million for the fiscal 22-week period ended July 1, 2012, compared to $197.7 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 0.2% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "Although we had expected June to be a challenging month due to the fiscal calendar shift, sales were disappointing. Unlike the prior year, customer shopping patterns shifted out of the June fiscal period due to the timing of the first few days of July and the Fourth of July shopping weekend. In addition, severe thunderstorms over the weekend negatively impacted holiday sales. Finally, there appears to be on-going concern in consumer confidence regarding macro-economic conditions. While we work continuously to provide great products at great values, same-store sales were most negatively impacted in non-essential categories."
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