ALCO Stores, Inc. Layoffs Expected in Move

ALCO

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Some ALCO store employees in Abilene could have their jobs cut.

The company’s CEO said it’s relocating corporate headquarters to the Dallas area.

The CEO says it makes sense from a competitive standpoint, the move is a more accessible location for their vendors and it will enhance their ability to attract and retain executive level leadership in the Dallas area.

The move will take place during the month of June.

The corporate headquarters move does not affect ALCO’s store in Abilene or the distribution center there.

Eventually, about 80 people in Abilene will lose their jobs due to the move.

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