Lead’s Alco to close following corporate bankruptcy filing

Lead’s Alco is one of 198 Alco discount retail stores set to close sometime in the next few months. Alco Stores Inc. filed for Chapter 11 Bankruptcy in early October.

Pioneer photo by Adam Hurlburt

LEAD — Lead’s Alco store will close sometime in the coming months along with the Kansas-based national discount retail company’s 197 other stores scattered across 23 states.

Alco Stores Inc. filed for Chapter 11 bankruptcy in early October.

Scott Hoover, store manager of the Lead Alco, said the 113-year-old retail corporation is planning to liquidate all of its stores. He said he wasn’t yet aware when the liquidation process will begin at the Lead store, nor exactly when it will close.

“We kind of find things out about once an hour,” Hoover said. “We’re really out in the weeds as far as knowing what’s going on.”

Lead’s Alco discount retail store employs 14 people.

To read all of today's stories, Click here or call 642-2761 to subscribe to our e-edition or home delivery.


(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.