Content about Alco

September 23, 2014

Just three weeks after Alco appointed a brand new board of directors, the company reported a net loss of $7 million in the second quarter, compared to net earnings of $800,000 a year earlier, thanks in part to growing costs of advertising, new stores and store support.

Just three weeks after Alco appointed a brand new board of directors, the company reported a net loss of $7 million in the second quarter, compared to net earnings of $800,000 a year earlier, thanks in part to growing costs of advertising, new stores and store support.

September 5, 2014

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

September 5, 2014

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

September 2, 2014

Broad-line retailer Alco’s shareholders have replaced the company’s board of directors with seven new members, effective immediately. The elections were made at the company’s annual meeting of stockholders in Dallas late last week.

Broad-line retailer Alco’s shareholders have replaced the company’s board of directors with seven new members, effective immediately. The elections were made at the company’s annual meeting of stockholders in Dallas late last week.

May 5, 2014

Expenses associated with a rejected merger with Argonne Capital Group and the planned closing of more than a dozen stores took a chunk out of broad-line retailer Alco’s fourth quarter results.

Expenses associated with a rejected merger with Argonne Capital Group and the planned closing of more than a dozen stores took a chunk out of broad-line retailer Alco’s fourth quarter results.  

Net sales from continuing operations during the quarter decreased 8.9% to $130.9 million, compared to $143.6 million in the fourth quarter of fiscal 2013, which had an additional week. Excluding the 14th week of the fiscal 2013 quarter, net sales from continuing operations decreased 4.7%.

December 18, 2013

Alco is developing a strategy to improve profitability and deliver shareholder value, following a growing net loss during the third quarter of fiscal 2014, compared to the same period in the prior year.

Alco is developing a strategy to improve profitability and deliver shareholder value, following 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.

July 25, 2013

Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash.

ABILENE, Kan. — Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash. 

July 25, 2013

Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash.

ABILENE, Kan. — Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash. 

May 30, 2013

Broad-line retailer Alco Stores has promoted Ricardo Clemente to SVP of human resources, store operations and loss prevention.

ABILENE, Kan. — Broad-line retailer Alco Stores has promoted Ricardo Clemente to SVP of human resources, store operations and loss prevention.

Clemente, who graduated from New Mexico State University with a bachelor of science degree in biology and business management, has more than 20 years of retail experience. He joined Alco Stores in 2011 as a district manager. Since then he has held increasingly responsible positions, serving most recently as VP of stores and human resources.

April 10, 2013

Alco Stores announced that the company will move its corporate headquarters from Abilene, Kansas, to Coppell, Texas, a suburb of Dallas.

ABILENE, Kan. — Alco Stores announced that the company will move its corporate headquarters from Abilene, Kansas, to Coppell, Texas, a suburb of Dallas.

In making the announcement, CEO Rich Wilson said, "Today's challenging business climate and highly competitive retail landscape require that we locate our headquarters in a metropolitan center. The Dallas location provides easy access to many of our stores, other major retailers and transportation for our employees and business partners."

March 20, 2013

Alco has launched a branded smartphone app powered by Verge Connect.

HENDERSON, N.C.  — Alco has launched a branded smartphone app powered by Verge Connect. With Verge Connect, Alco customers can select the types of deals and coupons they receive, as well as filter by services offered at all 23 store locations across North and South Carolina. The ALCO branded app also features mapping and customer interaction capabilities via social media and direct feedback.

November 29, 2012

Broad-line retailer ALCO Stores asserted that it is off to a favorable start this holiday season, after reporting a 2.7% in sales from continuing operations for the quarterly period ending November 25.

ABILENE, Kan. — Broad-line retailer ALCO Stores asserted that it is off to a favorable start this holiday season, after reporting a 2.7% in sales from continuing operations for the quarterly period ending November 25.

July 30, 2012

Alco Stores has selected OrderMotion's OMX platform to provide the back office technology to serve its new e-commerce site.

BURLINGTON, Mass. — Alco Stores has selected OrderMotion's OMX platform to provide the back office technology to serve its new e-commerce site.

July 11, 2012

Alco Stores has promoted Brent Streit to SVP marketing and e-commerce.

ABILENE, Kan. — Alco Stores has promoted Brent Streit to SVP marketing and e-commerce.

Streit, a native of Downs, Kansas and a graduate of Kansas State University with a Bachelor of Science degree in Marketing, has more than 20 years of experience in retailing. In 2001 he joined Alco, then known as Duckwall-ALCO Stores Inc., as a buyer. Since then he has held increasingly responsible positions in supply chain management, marketing and business development.

June 29, 2012

A new era has begun at Duckwall-ALCO Stores, as the company's shareholders have approved the company's name change to ALCO.

ABILENE, Kan. — A new era has begun at Duckwall-ALCO Stores, as the company's shareholders have approved the company's name change to ALCO. The change was approved at the company's annual shareholders' meeting on June 27. ALCO Stores also plans to change its ticker symbol on NASDAQ to "ALCS." Both the name change and the change in ticker symbol will be effective as of July 6.

April 13, 2012

Duckwall-ALCO Stores fourth-quarter net sales increased 1% to $137.5 million, compared with the fourth quarter of fiscal 2011.

ABILENE, Kan. — Duckwall-ALCO Stores fourth-quarter net sales increased 1% to $137.5 million, compared with the fourth quarter of fiscal 2011. Same-store sales, excluding fuel center sales, for the fourth quarter of fiscal 2012 decreased 0.6% to $133.4 million, compared with the fourth quarter of fiscal 2011. Net sales from continuing operations for fiscal year 2012 increased 4.4% to $482.8 million, compared with fiscal year 2011. Same-store sales, excluding fuel center sales, for fiscal year 2012 increased 3.0% to $467.7 million.

December 9, 2011

Broad-line retailer Duckwall-ALCO Stores increased sales and returned to profit in the third-quarter as the company continued to experience top-line growth across multiple categories.

ABILENE, Kan. — Broad-line retailer Duckwall-ALCO Stores increased sales and returned to profit in the third-quarter as the company continued to experience top-line growth across multiple categories. The company reported that net sales for the third quarter of fiscal 2012 increased 3.6% to $109.8 million, compared with the third quarter of fiscal 2011. Same-store sales, excluding fuel center sales, increased 2.7%. 

April 15, 2011

Duckwall-ALCO Stores reported that net sales from continuing operations for the fourth quarter of fiscal 2011 increased 4.4% to $136.9 million and same-store sales, excluding fuel center sales, increased 1.8%, compared with the same period in the prior fiscal year

ABILENE, Kan. -- Duckwall-ALCO Stores reported that net sales from continuing operations for the fourth quarter of fiscal 2011 increased 4.4% to $136.9 million and same-store sales, excluding fuel center sales, increased 1.8%, compared with the same period in the prior fiscal year. Net sales from continuing operations for the fiscal year decreased 0.6% to $465.2 million and same-store sales decreased 2.4%, compared with the same period in the prior fiscal year.

January 6, 2011

TJX reported same-store sales of 2% December, beating Wall Street estimates for a 2.5% decline. Total sales rose 6% to $3 billion.

TJX reported same-store sales of 2% December, beating Wall Street estimates for a 2.5% decline. Total sales rose 6% to $3 billion.

"I am extremely pleased with December's sales results, as we significantly exceeded our plans during this important period," TJX CEO Carol Meyrowitz, CEO, TJX.

December 11, 2010

ABILENE, Kan. - Duckwall-ALCO Stores reported that net sales from continuing operations for the third quarter of fiscal 2011 decreased 0.6% to $110.5 million and same-store sales decreased 2.3%.

ABILENE, Kan. - Duckwall-ALCO Stores reported that net sales from continuing operations for the third quarter of fiscal 2011 decreased 0.6% to $110.5 million and same-store sales decreased 2.3%.

Net loss for the third quarter was $2 million, or 53 cents per diluted share, compared with net loss of $1.4 million, or 38 cents per diluted share, for the third quarter of fiscal 2010.

November 28, 2010

Duckwall-ALCO Stores announced that it will close 44 Duckwall stores and redeploy the capital into...

September 23, 2010

Duckwall-ALCO Stores announced that Wayne Peterson has joined the company as SVP and CFO, effective Sept. 20.

ABILENE, Kan. - Duckwall-ALCO Stores announced that Wayne Peterson has joined the company as SVP and CFO, effective Sept. 20.

Peterson has 30 years of experience in the retail industry, most recently as CFO of Minyard Food Stores, based in the Dallas-Fort Worth area. He began his career as a financial analyst with Jewel Food Stores and progressed to CFO positions at Buttrey Food and Drug Stores Company, Copelands' Enterprises Inc., Homeland Holding Corporation, and then Minyard. 

September 22, 2010

Duckwall-ALCO Stores announced that Wayne Peterson has joined the company as SVP and CFO, effective...

September 12, 2010

Duckwall-ALCO Stores has announced that Terrence Babilla has joined the company's board of directors ......

July 14, 2010