Abilene, Kan., Glen Shank will retire from his position as chairman, president and CEO of Duckwall-ALCO. His retirement will become effective April 30, or sooner if the retailer transitions to new president and CEO before then. Shank has served as the retailer’s chairman since 1991, and as president and CEO since 1988.
The announcement came on the heels of the retailer’s third-quarter earnings statement. Duckwall-ALCO recorded earnings of $210,000 in the third quarter. Its net sales grew 1.3% to $99.9 million on flat same-store sales.