253:
510:
241:
538:
524:
27:
359:
On
October 12, 2014, ALCO Stores Inc. filed for Chapter 11 bankruptcy citing "increased competition" and "declining consumer and business confidence, which has led to decreased customer traffic and reduced levels of
820:
815:
295:, its primary creditor. At least 52 stores were closed during this period. After 1989 they switched to the business strategy of targeting communities where no direct retail competitor existed (such as
810:
276:. ALCO stores (somewhat smaller than a non-supercenter Walmart) provided the full selection of merchandise offered by the company, while the Duckwall stores provided a limited selection.
716:
830:
337:, was reopened as an ALCO while the remaining 43 stores permanently closed. Subsequently, the chain dropped the Duckwall name and renamed itself simply as ALCO Stores, Inc.
279:
In 1985, after three acquisitions, the company went through a management-led leveraged buy-out. The company had 127 ALCO stores, and 33 Duckwalls in 14 states at that time.
840:
434:. The majority of these stores were converted to either ALCO or Duckwall stores, though the Sterling nameplate was maintained until 2005 when the final Sterling store in
855:
835:
825:
743:
364:, particularly on discretionary items." On November 17, bidding on the company through bankruptcy court ended with a liquidation firm joint venture, which provided a "
845:
850:
870:
333:
Duckwall-ALCO stores announced on
November 29, 2010, the closure of all 44 of its Duckwall stores, thus ending the Duckwall name. The store in
865:
272:. In 1968 it began to move into the discount retail business and opened stores that were bigger than their five and dime counterparts called
665:
576:
805:
571:
381:, and were converted into Shopko Hometown stores. Those locations closed permanently after Shopko filed for bankruptcy in 2019.
330:, by providing limited perishable goods. These stores were considerably smaller than Walmart's or Target's supercenter stores.
786:"Duckwall-ALCO inks deal to acquire 14 locations. (Duckwall-ALCO Stores Inc.) – Daily News Record – Find Articles at BNET.com"
651:"ALCO gets reprieve; financing is extended - Duckwall-Alco Stores Inc – Discount Store News – Find Articles at BNET.com"
751:
341:
629:
772:
351:
On April 10, 2013, ALCO Stores, Inc. moved its corporate headquarters from
Abilene, Kansas, to Coppell, Texas.
860:
386:
334:
561:
551:
435:
415:
393:. Other locations were acquired by various entities, either before closure or afterwards (for example,
371:
304:
229:
140:
785:
345:
323:
232:; subsequently, the chain was sold to a liquidation firm and closed all of its stores by March 2015.
650:
603:
166:
475:
394:
211:
690:
721:
398:
365:
300:
129:
Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares
374:
sales at all locations started on
November 21, 2014. The last ALCO store closed in March 2015.
580:
361:
529:
456:
607:
565:
555:
446:
390:
257:
245:
222:
221:. The company's 352,000-square-foot (32,700 m) distribution center was located in
218:
119:
37:
318:
The company previously experimented with a combination discount and food store called
799:
515:
307:). The strategy initially proved to be successful for the chain, and there were 205
265:
45:
252:
543:
427:
109:
505:
490:
292:
199:
105:
291:
filed
Chapter 11 bankruptcy, emerging in 1991 after securing financing from
240:
368:" and the only bid received by the court, being approved as the new owner.
431:
382:
326:, which was discontinued. The company also began a supercenter concept,
467:
296:
203:
537:
26:
378:
207:
62:
51:
717:"Bomgaars buys former Alco assets, to open new stores in 4 states"
486:
251:
239:
471:
691:"Shopko to revive 20 closed Alco stores, including 3 in Kansas"
340:
In the Fall of 2011, ALCO stores opened its first store in the
600:
348:, but closed the store in May 2014 due to lackluster sales.
744:"Orscheln Farm and Home purchases ALCO distribution center"
666:"ALCO Stores Files for Bankruptcy as Small-Town Sales Slow"
630:"History of Duckwall-ALCO Stores, Inc. – FundingUniverse"
821:
Companies that filed for
Chapter 11 bankruptcy in 2014
816:
Companies that filed for
Chapter 11 bankruptcy in 1989
624:
622:
620:
618:
616:
811:
Companies that have filed for
Chapter 11 bankruptcy
133:
125:
115:
101:
86:
68:
58:
43:
33:
645:
643:
198:) was a retail chain operating 198 stores in 23
610:." Duckwall-ALCO. Retrieved on December 8, 2011.
244:An ALCO store that was closed April 29, 2013 in
389:acquired ALCO's former distribution center in
8:
831:Defunct discount stores of the United States
137:Final pre-bankruptcy announcement (Oct 2014)
19:
18:
841:American companies disestablished in 2015
256:Duckwall's variety store photographed in
225:, where it was previously headquartered.
264:In its early years the company operated
856:Retail companies disestablished in 2015
836:Companies formerly listed on the Nasdaq
826:Economy of the Midwestern United States
592:
846:American companies established in 1901
562:ALCO stores website (post-bankruptcy)
206:. The company was founded in 1901 in
7:
851:Retail companies established in 1901
552:ALCO stores website (pre-bankruptcy)
418:, it operated 48 stores under the
715:Dave Dreeszen (January 26, 2015).
664:McCarty, Dawn (October 13, 2014).
283:First bankruptcy and later history
14:
750:. January 5, 2015. Archived from
355:Second bankruptcy and liquidation
202:, primarily in the United States
536:
522:
508:
228:In October 2014, ALCO filed for
163:Final post-bankruptcy (Mar 2015)
25:
871:2015 disestablishments in Texas
481:1997 - Acquired 18 stores from
385:took over 12 former locations.
397:acquired the ALCO location in
377:20 locations were acquired by
322:(Cost of Living Adjusters) in
1:
866:1901 establishments in Kansas
268:(or "variety") stores called
74:; 123 years ago
455:, a 9-store chain based in
342:Dallas-Fort Worth Metroplex
217:It had its headquarters in
887:
773:National Register Listings
568: (archived 2015-03-16)
558: (archived 2013-03-02)
493:, which were converted to
579:of a Duckwall's store in
24:
806:Companies based in Texas
775:arkansaspreservation.com
414:was acquired. Based in
387:Orscheln Farm & Home
315:stores as of June 2008.
90:March 23, 2015
634:www.fundinguniverse.com
474:, with headquarters in
412:Sterling Stores Co. Inc
335:Hettinger, North Dakota
466:chain of 14 stores in
261:
249:
572:Duckwall-ALCO History
436:Little Rock, Arkansas
416:Little Rock, Arkansas
372:Going out of business
255:
243:
230:Chapter 11 bankruptcy
346:Grand Prairie, Texas
324:Mineral Wells, Texas
196:Duckwall-ALCO Stores
16:Defunct retail store
476:New Castle, Indiana
395:Brookshire Brothers
212:Alva Lease Duckwall
21:
754:on January 9, 2015
722:Sioux City Journal
606:2011-11-25 at the
399:Pilot Point, Texas
366:stalking horse bid
262:
250:
670:www.bloomberg.com
581:Concordia, Kansas
362:consumer spending
328:ALCO Market Place
192:ALCO Stores, Inc.
189:
188:
20:ALCO Stores, Inc.
878:
790:
789:
782:
776:
770:
764:
763:
761:
759:
740:
734:
733:
731:
729:
712:
706:
705:
703:
701:
687:
681:
680:
678:
676:
661:
655:
654:
647:
638:
637:
626:
611:
597:
546:
541:
540:
532:
530:Companies portal
527:
526:
525:
518:
513:
512:
511:
457:Morris, Illinois
185:
182:
180:
178:
176:
174:
172:
170:
168:
161:
158:
156:
154:
152:
150:
148:
146:
144:
142:
97:
95:
82:
80:
75:
29:
22:
886:
885:
881:
880:
879:
877:
876:
875:
796:
795:
794:
793:
784:
783:
779:
771:
767:
757:
755:
742:
741:
737:
727:
725:
714:
713:
709:
699:
697:
689:
688:
684:
674:
672:
663:
662:
658:
649:
648:
641:
628:
627:
614:
608:Wayback Machine
598:
594:
589:
566:Wayback Machine
556:Wayback Machine
542:
535:
528:
523:
521:
514:
509:
507:
504:
478:, was acquired.
459:, was acquired.
447:Wichita, Kansas
407:
391:Abilene, Kansas
357:
285:
258:Brush, Colorado
246:Vermilion, Ohio
238:
223:Abilene, Kansas
175:/20150323003222
165:
164:
162:
149:/20141007133019
139:
138:
93:
91:
78:
76:
73:
48:
17:
12:
11:
5:
884:
882:
874:
873:
868:
863:
861:Five and dimes
858:
853:
848:
843:
838:
833:
828:
823:
818:
813:
808:
798:
797:
792:
791:
777:
765:
735:
707:
695:www.kansas.com
682:
656:
639:
612:
591:
590:
588:
585:
584:
583:
574:
569:
559:
548:
547:
533:
519:
503:
502:External links
500:
499:
498:
483:Perry Brothers
479:
460:
449:
439:
406:
403:
356:
353:
311:stores and 59
284:
281:
237:
234:
219:Coppell, Texas
187:
186:
135:
131:
130:
127:
123:
122:
120:Coppell, Texas
117:
113:
112:
103:
99:
98:
88:
84:
83:
70:
66:
65:
60:
56:
55:
49:
44:
41:
40:
35:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
883:
872:
869:
867:
864:
862:
859:
857:
854:
852:
849:
847:
844:
842:
839:
837:
834:
832:
829:
827:
824:
822:
819:
817:
814:
812:
809:
807:
804:
803:
801:
787:
781:
778:
774:
769:
766:
753:
749:
745:
739:
736:
724:
723:
718:
711:
708:
696:
692:
686:
683:
671:
667:
660:
657:
652:
646:
644:
640:
635:
631:
625:
623:
621:
619:
617:
613:
609:
605:
602:
596:
593:
586:
582:
578:
575:
573:
570:
567:
563:
560:
557:
553:
550:
549:
545:
539:
534:
531:
520:
517:
516:Kansas portal
506:
501:
496:
492:
488:
485:, located in
484:
480:
477:
473:
469:
465:
461:
458:
454:
450:
448:
444:
440:
437:
433:
429:
425:
421:
417:
413:
409:
408:
404:
402:
400:
396:
392:
388:
384:
380:
375:
373:
369:
367:
363:
354:
352:
349:
347:
343:
338:
336:
331:
329:
325:
321:
316:
314:
310:
306:
302:
298:
294:
290:
289:Duckwall-ALCO
287:In May 1989,
282:
280:
277:
275:
271:
267:
266:five and dime
259:
254:
247:
242:
235:
233:
231:
226:
224:
220:
215:
213:
209:
205:
201:
197:
193:
184:
160:
136:
132:
128:
124:
121:
118:
114:
111:
107:
104:
100:
89:
85:
71:
67:
64:
61:
57:
53:
50:
47:
42:
39:
36:
32:
28:
23:
780:
768:
758:September 5,
756:. Retrieved
752:the original
747:
738:
728:September 5,
726:. Retrieved
720:
710:
698:. Retrieved
694:
685:
673:. Retrieved
669:
659:
633:
595:
494:
482:
463:
452:
442:
423:
419:
411:
405:Acquisitions
376:
370:
358:
350:
339:
332:
327:
319:
317:
312:
308:
288:
286:
278:
273:
269:
263:
227:
216:
195:
191:
190:
179://alcostores
116:Headquarters
34:Company type
544:Food portal
438:was closed.
428:Mississippi
155:.alcostores
110:liquidation
54:: ALCS
800:Categories
675:13 October
587:References
491:New Mexico
424:Magic Mart
344:suburb of
293:GE Capital
270:Duckwall's
260:, in 1991.
194:(formerly
106:Bankruptcy
94:2015-03-23
426:names in
46:Traded as
604:Archived
495:Duckwall
432:Arkansas
420:Sterling
383:Bomgaars
320:C.O.L.A.
313:Duckwall
169:.archive
143:.archive
126:Products
59:Industry
748:KSN.com
700:20 July
564:at the
554:at the
497:stores.
468:Indiana
462:1996 -
453:Hornsby
451:1985 -
443:David's
441:1984 -
410:1983 -
297:Walmart
236:History
204:Midwest
134:Website
92: (
87:Defunct
77: (
69:Founded
379:Shopko
301:Target
208:Kansas
200:states
177:/http:
151:/http:
63:Retail
52:Nasdaq
38:Public
577:Photo
487:Texas
305:Kmart
153://www
760:2015
730:2015
702:2015
677:2014
601:Home
489:and
472:Ohio
470:and
430:and
422:and
309:ALCO
274:ALCO
181:.com
173:/web
171:.org
157:.com
147:/web
145:.org
108:and
102:Fate
79:1901
72:1901
464:Val
445:in
401:).
303:or
210:by
167:web
141:web
802::
746:.
719:.
693:.
668:.
642:^
632:.
615:^
299:,
214:.
788:.
762:.
732:.
704:.
679:.
653:.
636:.
599:"
248:.
183:/
159:/
96:)
81:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
