Alco Stores Inc. reported a net loss of $8.1 million in the first quarter of its fiscal year, up from a loss of $1.7 million in the year-ago period, amid an elimination of a tax benefit.
Alco Stores Inc. has entered into an agreement to be acquired by private investment firm Argonne Capital Group LLC.
Alco Stores said Thursday that it has promoted Ricardo Clemente to senior VP human resources, store operations and loss prevention.
Duckwall-ALCO Stores reported Friday that it recorded a profit of $0.1 million in the quarter ended Oct. 30, compared with a loss of $2.1 million in the year-ago period.
A report released Wednesday by GE Capital found that the majority of retail CFOs are fairly optimistic about their industry, even though the outlook for the economy has soured.
Duckwall-Alco Stores reported Friday that its loss for the quarter ended Oct. 31 widened from $1.4 million to $2 million.
Duckwall-Alco Stores said late Thursday that same-store sales dipped 0.8% in August....
GE Lighting, a unit of GE Appliances & Lighting, has announced the establishment of GE...