Friday November 30th, 2012 - 3:20PM
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.”