Content about American Locomotive Company

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 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.

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. 

June 14, 2013

Lingering winter weather conditions affected broad-line retailer Alco, which reported same-store sales of $112.4 million for the first quarter ended May 5, a 2.2% decrease from $115 million for the same quarter a year ago.

ABILENE, Kan. — Lingering winter weather conditions affected broad-line retailer Alco, which reported same-store sales of $112.4 million for the first quarter ended May 5, a 2.2% decrease from $115 million for the same quarter a year ago.

The company reported net sales from continuing operations for the quarter of $117.5 million, an increase of 0.9% from $116.5 million for the same quarter a year ago.

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."

February 7, 2013

Alco reported that total sales, excluding fuel, increased 26% to $34.8 million for the fiscal five-week period ended Feb. 3, compared with $27.6 million during the four-week period of the prior year. On a same-store basis, excluding fuel, sales increased 21.4% from a year earlier.

ABILENE, Kan — Alco reported that total sales, excluding fuel, increased 26% to $34.8 million for the fiscal five-week period ended Feb. 3, compared with $27.6 million during the four-week period of the prior year. On a same-store basis, excluding fuel, sales increased 21.4% from a year earlier. 

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 19, 2012

Alco this week began offering products for sale on its website.

ABILENE, Kan. — Alco this week began offering products for sale on its website. The company has launched an e-commerce site that will offer more than 10,000 items. Features of the site include "24/7" online shopping in a secure, searchable web environment, plus delivery to home or place of business.

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.

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 12, 2010

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

July 14, 2010

Duckwall-ALCO Stores announced that Donny Johnson, EVP and CFO, has resigned effective Aug. 13 ......