Content about ALCO

June 19, 2014

Alco Stores Inc. reported a net loss of $8.1 million in the first quarter of its fiscal year, up from a loss of $1.7 million in the year-ago period, amid an elimination of a tax benefit.

Coppell, Texas – Alco Stores Inc. reported a net loss of $8.1 million in the first quarter of its fiscal year, up from a loss of $1.7 million in the year-ago period, amid an elimination of a tax benefit. The company also announced its CFO has left the company.

Net sales decreased 4.1% to $104.7 million, compared to $109.2 million in the first quarter of fiscal 2014. Same-store sales, excluding fuel centers, decreased 7.1%. Alco president and CEO Richard Wilson cited several ongoing initiatives as providing promise for future performance.

February 18, 2014

A group called Concerned Alco Stockholders (CAS), led shareholders David Pointer and Dilip Singh, it intends to mail its own proxy statement to stockholders of Alco Stores Inc. for the purpose of giving Alco stockholders the opportunity to vote for new board members at the Alco 2014 annual meeting of stockholders.

Abilene, Kansas – A group called Concerned Alco Stockholders (CAS), led shareholders David Pointer and Dilip Singh, it intends to mail its own proxy statement to stockholders of Alco Stores Inc. for the purpose of giving Alco stockholders the opportunity to vote for new board members at the Alco 2014 annual meeting of stockholders.

December 18, 2013

Alco Stores reported a growing net loss during the third quarter of fiscal 2014 compared to the same period in the prior year.

Copperell, Texas – Alco Stores reported a growing net loss during the third quarter of fiscal 2014 compared to the same period in the prior year. Net loss totaled $16.4 million, compared to $1.4 million.

Results in the third quarter of fiscal 2014 included a non-cash charge of $9.8 million related to a valuation allowance on the company's cumulative deferred tax asset, and $1.1 million of non-recurring expenses attributable to merger activity.

September 11, 2013

Alco Stores, Inc. is not accepting an acquisition proposal from Everbright Development Overseas, Ltd., Luis Chang and Mai Wong.

Coppell, Texas – Alco Stores, Inc. is not accepting an acquisition proposal from Everbright Development Overseas, Ltd., Luis Chang and Mai Wong. The Alco board of directors has determined that the proposal, tendered on Sept. 6, is not a superior proposal to a roughly $47 million offer the retailer received from Argonne Capital Group LLC on July 25.

August 16, 2013

Alco Stores reportedly has received a takeover bid from its largest shareholder, Everbright Development Overseas Ltd., which is larger than the bid it received on July 25 from Argonne Capital.

Abilene, Kan. – Alco Stores reportedly has received a takeover bid from its largest shareholder, Everbright Development Overseas Ltd., which is larger than the bid it received on July 25 from Argonne Capital. According to Reuters, the Everbright offer of $14.30 per share in cash values Alco at $46.6 million.

In contrast, the previous bid from Argonne offered $14 cash per share, or about $45 million. That offer included a clause allowing Alco to take rival bids through Aug. 23.

July 25, 2013

Alco Stores Inc. has entered into an agreement to be acquired by private investment firm Argonne Capital Group LLC.

Abilene, Kan. -- Alco Stores Inc. has entered into an agreement to be acquired by private investment firm Argonne Capital Group LLC.

The Atlanta-based Argonne will acquire all the outstanding share of Alco's common stock for $14 per share in cash. The proposed transaction, expected to close later year, would total about $47 million.

Alco's board of directors has unanimously approved the merger agreement and is recommending that shareholders approve it.

May 30, 2013

Alco Stores said Thursday that it has promoted Ricardo Clemente to senior VP human resources, store operations and loss prevention.

Abilene, Kan. -- Alco Stores said Thursday that it has promoted Ricardo Clemente to senior VP, human resources, store operations and loss prevention.

Clemente joined the chain in 2011 as a district manager, most recently serving as VP stores and human resources.

May 10, 2013

Discount retailer Alco Stores blamed the impact of cold weather across the Midwest for helping to produce sluggish sales performance during fiscal first quarter 2013.

Abilene, Kan. – Discount retailer Alco Stores blamed the impact of cold weather across the Midwest for helping to produce sluggish sales performance during fiscal first quarter 2013. Alco Stores reported sales of continuing operations excluding fuel of $116 million, up 0.9% from $114.9 million during the same period in 2012. Same-store sales excluding fuel were down 2.2%.

April 10, 2013

Alco Stores Inc. said Wednesday it is moving its corporate headquarters from Abilene, Kan., to a suburb of Dallas, citing the need to be “in a more metropolitan area.”

Abilene, Kansas -- Alco Stores Inc. said Wednesday it is moving its corporate headquarters from Abilene, Kan., to a suburb of Dallas, citing the need to be “in a more metropolitan area.”

The new Coppell, Texas offices will give the company easy access to many of its stores, other major retailers and transportation for its workers and business partners, CEO Rich Wilson said in a Wednesday statement.

The move is slated to occur in June.

 

January 9, 2013

ALCO Stores and Revionics Inc. announced a multi-year partnership, which will support optimal pricing decisions throughout ALCO’s 217 stores.

Abilene, Kansas -- ALCO Stores and Revionics Inc. announced a multi-year partnership, which will support optimal pricing decisions throughout ALCO’s 217 stores.

Revionics Life Cycle Price Optimization solutions and Analytic Solutions will enable ALCO to design and execute regional, localized pricing initiatives, timing of markdowns, promotional pricing and analysis of customer market baskets and key volume items.

July 30, 2012

OrderMotion, a web-based platform for direct-to-consumer (D2C) campaign and order management, announced that Midwest consumer goods retailer Alco Stores selected OrderMotion's OMX platform as the back-office technology best suited to grow with its online volume demands while also leveraging its Magento eCommerce front-end system.

Burlington, Mass. -- OrderMotion, a web-based platform for direct-to-consumer (D2C) campaign and order management, announced that Midwest consumer goods retailer Alco Stores selected OrderMotion's OMX platform as the back-office technology best suited to grow with its online volume demands while also leveraging its Magento eCommerce front-end system.

July 30, 2012

OrderMotion, a web-based platform for direct-to-consumer (D2C) campaign and order management, announced that Midwest consumer goods retailer Alco Stores selected OrderMotion's OMX platform as the back-office technology best suited to grow with its online volume demands while also leveraging its Magento eCommerce front-end system.

Burlington, Mass. -- OrderMotion, a web-based platform for direct-to-consumer (D2C) campaign and order management, announced that Midwest consumer goods retailer Alco Stores selected OrderMotion's OMX platform as the back-office technology best suited to grow with its online volume demands while also leveraging its Magento eCommerce front-end system.

July 11, 2012

Alco Stores announced the promotion of Brent Streit to senior VP marketing and e-commerce.

Abilene, Kan. -- Alco Stores announced the promotion of Brent Streit to senior VP marketing and e-commerce.

Streit in 2001 he joined Alco, then known as Duckwall-Alco Stores, as a buyer. Since then he has held increasingly responsible positions in supply chain management, marketing and business development.
 

June 28, 2012

Duckwall-Alco said it is officially changing its name to Alco Stores, Inc. An amendment at Wednesday’s annual shareholder meeting was approved.

Abilene, Kan. -- Duckwall-Alco said Thursday it is officially changing its name to Alco Stores, Inc. An amendment at Wednesday’s annual shareholder meeting was approved. The company’s ticker symbol on NASDAQ is now “ALCS.”

The 111-year-old chain has 216 locations in 23 states, mostly in small-town environments. Plans are on tap to open five new stores in fiscal 2013 and eight underperforming stores are slated to be closed.

April 18, 2012

Aberdeen Group’s 3rd annual Retail and Consumer Markets Summit, Retail on Broadway: Game-Changing Technologies -- Creating a Winning Game Plan, will be held May 1-2, at the Millennium Broadway Hotel, New York City.

Boston -- Aberdeen Group’s 3rd annual Retail and Consumer Markets Summit, Retail on Broadway: Game-Changing Technologies -- Creating a Winning Game Plan, will be held May 1-2, at the Millennium Broadway Hotel, New York City.

December 9, 2011

Duckwall-ALCO Stores reported Friday that it recorded a profit of $0.1 million in the quarter ended Oct. 30, compared with a loss of $2.1 million in the year-ago period.

Abilene, Kan. -- Duckwall-ALCO Stores reported Friday that it recorded a profit of $0.1 million in the quarter ended Oct. 30, compared with a loss of $2.1 million in the year-ago period.

Sales increased 3.6% to $109.8 million, and same-store sales excluding fuel centers increased 2.7%. 

December 10, 2010

Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.

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%.

September 22, 2010

Duckwall-Alco Stores announced that Wayne Peterson has joined the company as senior VP and CFO,...

September 2, 2010

Duckwall-Alco Stores said late Thursday that same-store sales dipped 0.8% in August....

October 7, 2009

Target said Thursday its same-store sales dipped 1.7% in September, beating analysts’ estimates....

December 11, 2008

Duckwall-ALCO Stores reported that net loss for its third quarter was $1.7 million, which is...

December 10, 2008

Duckwall-ALCO Stores announced Thursday that Jim Spencer is joining the company on Dec. 15 as...

September 11, 2008

Duckwall-ALCO Stores Inc. said Friday its second-quarter profit jumped 26% due to a cost-reduction program...

September 3, 2008

Duckwall-ALCO Stores, Inc. announced a $3.5 million consulting agreement with Accenture that is expected to...

August 24, 2008

Duckwall-ALCO Stores announced that Ted Beaith has joined the company as senior VP and CIO....