Latest News – November 24
ALCO Stores Closing Across Country – and Leadville
In some way, it’s good to know it’s not just Leadville, but when the signs started to appear with a vengeance around town on Friday (Nov. 21), it didn’t take long for locals to get the message: the ALCO store in Leadville is closing.
But so are its other 198 stores in 23 states. When the Coppell, Texas, based-company declared bankruptcy on Oct. 12, there was some glimmer of hopeful options. But last Friday Nov. 21 the financial services blogs were buzzing with the news that liquidation sales would begin at all ALCO stores, immediately, including the one which opened here in early 2007.
Leadville Today did reach out to local ALCO store manager Aubrey Mos, but today’s corporate culture usually disallows management to speak directly to the media; such was the case locally.
According to an advertisement posted last Friday on on the home page of the ALCO Stores website, all merchandise is on a liquidation sale, and store hours will remain unchanged. Saturday morning the Leadville store had an unusually full parking lot and plenty of shoppers, taking advantage of the 30-50% discounts.
The Alco website says the sales will end when all the merchandise has been sold. One employee stated, off the record, that they were told that the Leadville store would close Jan. 30, 2015, which seems to line-up with other online reports.
The stores are typically located in rural communities and sell groceries, apparel, housewares, health and beauty items, electronics, hardware and sporting goods. It’s humble mid-west beginnings under the name Duckwall, grew to a sizeable chain and the company changed its name to ALCO in 2012.