ALCO Closing 44 Duckwall Stores
Todd Pittenger - Tue 06:47 AM 11/30/2010
Duckwall-ALCO stores are located in mainly smaller, under served communities throughout the central United States.
Abilene based Duckwall-ALCO is closing 44 Duckwall stores, and will put more money into its ALCO stores.
According to the company, which currently operates 214 ALCO stores in 23 states including Kansas, intends to change its corporate name to ALCO Stores, Inc., to reflect its new strategic focus.
Rich Wilson, President and Chief Executive Officer said "after careful analysis, we have concluded that the small, limited-selection Duckwall stores no longer meet the needs of most shoppers." He went on to say "we expect that redeploying the resources used in the Duckwall stores to our more productive ALCO stores will improve the Company's earnings."
The 44 Duckwall stores that are closing have a total of 267 full- and part-time associates.
The company is closing 20 stores in Kansas.
With the store closings, Duckwall-ALCO will still have more than 200 stores across 23 states. The company's corporate headquarters is in Abilene.