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|   | [x]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|----------------------------------------------------------------------------------------------------------------------------------|

|   | [  ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| Kansas                                                         | 48-0201080                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
|                                                           |                                 |
| 401 Cottage Street                                             |                                 |
| Abilene, Kansas                                                | 67410-2832                           |
| (Address of principal executive offices)                       | (Zip Code)                           |

| Large accelerated filer [ ]              | Accelerated filer [ ]         |
|-----------------------------------------------|------------------------------------|
|                                          |                               |
| Non-accelerated filer [ ]                | Smaller reporting company [x] |
| (Do not check if a smaller reporting company) |                               |

|   |
|--------|

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|   | ITEM 9A.     CONTROLS AND PROCEDURES |
|--------|----------------------------------------------------------|

|                  | /s/ KPMG LLP |
|-----------------------|--------------|
|                  |         |
| Kansas City, Missouri |         |
| April 13, 2012        |         |

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| (a) | Documents filed as part of this report  |
|-----|----------------------------------------------|

| Number |   | Description                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                              |
| 31.1   |   | Certification of Chief Executive Officer of Duckwall-ALCO Stores, Inc. dated April 30, 2012, pursuant to Rule 13a-4(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                              |
| 31.2   |   | Certification of Chief Financial Officer of Duckwall-ALCO Stores, Inc. dated April 30, 2012, pursuant to Rule 13a-4(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                              |
| 32.1   |   | Certification of Chief Executive Officer of Duckwall-ALCO Stores, Inc. dated April 30, 2012, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, which is furnished with this Amendment No. 1 to the Annual Report on Form 10-K for the year ended January 29, 2012 and is not treated as filed in reliance upon § 601(b)(32) of Regulations S-K. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                              |
| 32.2   |   | Certification of Chief Financial Officer of Duckwall-ALCO Stores, Inc. dated April 30, 2012, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, which is furnished with this Amendment No. 1 to the Annual Report on Form 10-K for the year ended January 29, 2012 and is not treated as filed in reliance upon § 601(b)(32) of Regulations S-K. |

|   | DUCKWALL-ALCO STORES, INC.            |                  |
|--------|---------------------------------------|-----------------------|
|   | by                                    | /s/ Richard E. Wilson |   |
|   | President and Chief Executive Officer |                  |
|   |                                  |                  |
|   | Dated: April 30, 2012                 |                  |
|   |                                  |                  |   |

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