Login
|
ALCO Comps Slip But Housewares Gains Friday November 30th, 2012 - 3:20PM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
 For the fiscal four-week period ended November 25, ALCO Stores, Inc. announced that sales from continuing operations, excluding fuel, increased 2.7% to $42.4 million versus the year-earlier month. Comparable store sales, excluding fuel, decreased 1.7% from a year earlier. “We are pleased with ALCO’s 2.7% increase in total sales, which reflects a good start to the holiday shopping season and the contribution of our newer stores,” said Rich Wilson, ALCO president and CEO commented, in a statement on financial results. “In particular, sales at our two newest locations in Cut Bank, MT, and Tioga, ND, are both exceeding forecast. On a same-store basis, performance in November was strong in key holiday-season businesses, primarily Toys, Electronics, Housewares, Domestics, Stationery and Christmas. In addition, the food and consumables businesses delivered same-store sales increases for November. Decreases in our Apparel business negatively impacted the total same-store sales by 2.3%, primarily as a result of lower sales of cold-weather apparel.” Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials |
Staples Struggles To Turn Operations Around In Q1 »
Unseasonable Weather Chills Lowe's Q1
Target Q1 Earnings Surprise Despite Soft Sales
Best Buy Posts Q1 Loss But Results Aren't As Bad As Expected
Home Depot Q1 Beats Weather, Wall Street
Nordstom Racks Up Sales But Still Comes Up Short In Q1
Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.
