Written by Tracy Begland
Alco Stores, based in Abilene, KS, will relocate its company headquarters to Coppell this summer. From its humble beginnings as a single variety store in 1901, the company now boasts more than 200 stores in 23 states.
According to the company’s 2013 annual report, last year’s sales were almost $500 million with net earnings of $1.7 million. Alco employs approximately 3,400 people. Its stock (ALCS) is publicly traded on NASDAQ.
The chain retails electronics, house wares, and apparel. Most Alco stores are located in communities of less than 16,000 where competition from national chains is minimized. Texas is home to 35 Alco Stores; the closest to Coppell are in Grand Prairie and Pilot Point.
The annual report cited the move to Coppell as a “transformational event” that will allow the company to recruit and retain top talent.