EXHIBIT 23
                      CONSENT OF INDEPENDENT AUDITORS

The Board of Directors
Duckwall-ALCO Stores, Inc.:

We consent to incorporation by reference in the registration statement on
Form S-8 of Duckwall-ALCO Stores, Inc. of our report dated March 20, 1998,
relating to the consolidated balance sheets of Duckwall-ALCO Stores, Inc.
as of February 1, 1998 and February 2, 1997, and the related consolidated
statements of operations, stockholders' equity and cash flows for each of
the years in the three-year period ended February 1, 1998, which report
appears in the February 1, 1998 annual report on Form 10-K of Duckwall-
ALCO Stores, Inc.



     /s/  KPMG Peat Marwick LLP
          KPMG Peat Marwick LLP

          Wichita, Kansas
          April 28, 1998


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