Alco Stores moves HQ to Texas
ABILENE, Kan. — Alco Stores announced that the company will move its corporate headquarters from Abilene, Kansas, to Coppell, Texas, a suburb of Dallas.
In making the announcement, CEO Rich Wilson said, "Today's challenging business climate and highly competitive retail landscape require that we locate our headquarters in a metropolitan center. The Dallas location provides easy access to many of our stores, other major retailers and transportation for our employees and business partners."
Wilson added, "Retailing today requires fast response, constant innovation, and deep commitment from our vendor partners. While ALCO has been located in Abilene, Kansas, since its inception, relocating to a more accessible location for our vendors is critical. In addition, our ability to attract and retain executive level leadership will be enhanced in the Dallas area."
The transition of the central office will take place during the month of June. The corporate headquarters move does not affect Alco's store in Abilene, or the distribution center in Abilene. As previously announced, the company will consider the feasibility of adding a second distribution facility to lower freight expense and better serve its store network, but no change is anticipated for the balance of the year.