Duckwall-Alco loss widens in Q3
Abilene, Kan. -- Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.
The small-town retailer also reported that revenue dropped 0.6% to $110.5 million. Same-store sales decreased 2.3%, which was an improvement over the second-quarter same-store sales drop of 7.2%.
The company has been in the throes of a turnaround plan that includes the shuttering of the Duckwall-branded stores; a remerchandising and reset of all 214 Alco stores to expand key trip-driving departments, such as food, paper and cleaning products; updated graphic signage; improved value proposition in the consumables businesses; and new space management tools designed to improve shelf productivity.