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8-K - ALCO STORES INC | wilsonform8k.htm |
FOR IMMEDIATE
RELEASE
DUCKWALL-ALCO
STORES ANNOUNCES THAT
CEO
WILL JOIN ITS BOARD OF DIRECTORS
ABILENE, Kan. (July 27, 2010)
– Duckwall-ALCO Stores, Inc. (NASDAQ: DUCK), today announced that Rich Wilson,
President and Chief Executive Officer, will join the Company’s Board of
Directors effective immediately.
Wilson
joined the Company in February of this year. Prior to joining Duckwall-ALCO he
served as Principal of Corporate Alliance Group, a management consulting company
specializing in marketing, product development, planning, strategy and
brand management for the retail and wholesale trade. Previously,
Wilson had been Senior Vice President, General Merchandise, for BJ’s Wholesale
Club, and an executive with May Department Stores and Macy’s.
Royce
Winsten, Duckwall-ALCO’s Chairman of the Board, commented, “The Board is
impressed with the changes Rich is making to move the Company in the right
direction. We look forward to Rich’s perspective and expertise being added to
the mix on the Board.”
About Duckwall-ALCO Stores,
Inc.
Duckwall-ALCO
Stores, Inc. is a regional broad line retailer that specializes in meeting the
needs of smaller, underserved communities across 23 states, primarily in the
central United States. The Company offers an exceptional selection of quality
products and recognized brand names at reasonable prices. Its specialty is
delivering those products with the friendly, personal service its customers have
come to expect. With 256 stores, Duckwall-ALCO Stores is proud to have
continually provided excellent products at good value prices to its customers
for 109 years. To learn more about Duckwall-ALCO Stores, Inc. visit
www.ALCOstores.com.
Forward-looking
statements
This
press release contains forward-looking statements, as referenced in the Private
Securities Litigation Reform Act of 1995 (“the Act”). Any forward-looking
statements are made by the Company in good faith, pursuant to the safe-harbor
provisions of the Act. These forward-looking statements reflect management’s
current views and projections regarding economic conditions, retail industry
environments, and Company performance. Factors which could significantly change
results include but are not limited to: sales performance, expense levels,
competitive activity, interest rates, changes in the Company’s financial
condition, and factors affecting the retail category in general. Additional
information regarding these and other factors may be included in the Company’s
10-Q filings and other public documents, copies of which are available from the
Company on request and are available from the United States Securities and
Exchange Commission.
###
For
more information, contact:
Donny
R. Johnson
Executive
Vice President - Chief Financial Officer
785-263-3350
X164
email:
djohnson@ALCOstores.com
or
Debbie
Hagen
Hagen
and Partners
913-652-6547
email:
dhagen@hagenandpartners.com