ALCO Comps Slip But Housewares Gains
Friday November 30th, 2012 - 3:20PM
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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
With all the color that has been unleashed on the housewares business this year, asking what the hot colors are is not enough. It’s more important to understand why they might be hot and how they can be applied to generate sustained revenue.