Duckwall-ALCO Stores Reports August Sales Increase of 10.6 Percent

Same-Store Sales for August Rise 6.6 Percent


ABILENE, Kan., Aug. 31, 2006 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that its sales from continuing operations for the four weeks ended August 27, 2006 (fiscal month of August) increased approximately 10.6% to $34.6 million compared to $31.3 million in the prior-year month, and same-store sales increased 6.6%.

Sales year-to-date increased approximately 11.2% to $264.3 million compared to $237.7 million in the prior year, and same-store sales increased 7.0%.

The Company also stated that it currently plans to release results from operations for the second quarter Fiscal 2007 on September 13, 2006.

About Duckwall-ALCO Stores, Inc.

Duckwall-ALCO Stores, Inc. is a regional retailer that specializes in offering an exceptional product selection at reasonable prices to smaller communities throughout the central United States. Our specialty is delivering those products with the friendly, personal service found in the stores of yesteryear, but with the modern convenience our customers have come to expect. With 253 stores across 21 states, we are proud to have continually provided high quality products at good value prices to our customers for 105 years. For more information about the Company, visit our website at 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 quarterly 10-Q filings and other public documents, copies of which are available from the Company on request.



            

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