DUCKWALL-ALCO Stores Reports Fiscal September, 2000 Sales.Business Editors ABILENE Abilene (ăb`ĭlēn). 1 City (1990 pop. 6,242), seat of Dickinson co., central Kans., on the Smoky Hill River; inc. 1869. It was (1867–71) a railhead for a large cattle-raising region extending SW into Texas. , Kan.--(BUSINESS WIRE)--Oct. 5, 2000 Duckwall-ALCO Stores, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DUCK) today announced that sales for the five weeks ended October 1, 2000 were $33.4 million compared with $33.8 million in 1999, a decrease of 1.3 percent. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of were $30.2 million, down 2.3 percent. Sales were unfavorably impacted by a shift in the timing of our anniversary sale which was in September last year but is in October this year. Without this shift, same store sales for the month would have been approximately flat with last year. Also, higher energy prices, which have historically impacted discretionary spending, and much hotter than normal weather this year in the majority of our markets, contributed to disappointing sales in the month compared to last year. However, we did see strong sales performances this month in sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , toys, notions, crafts and lingerie. For the thirty-five weeks ended October 1, 2000, sales increased 4.4 percent to $252.7 million from $242.1 million last year. Same store sales were $228.1 million, up 1.4 percent. Duckwall-ALCO Stores, Inc. is a leading regional retailer which operates 266 full-line discount and hometown home·town n. The town or city of one's birth, rearing, or main residence. Noun 1. hometown - the town (or city) where you grew up or where you have your principal residence; "he never went back to his hometown again" variety stores in the Midwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. under the names "ALCO" and "Duckwall", respectively. The Company's strategy is to target smaller markets not served by other regional or national full line retail discount chains and provide the most convenient access to retail shopping within each market. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements, as referenced in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 ("the Act"). Any forward-looking statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements reflect management's current views and projection regarding economic conditions, retail industry environments and Company performance. 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 quarterly 10-Q filings and other public documents, copies of which are available from the Company on request. |
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