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Company Description (as filed with the SEC)
ALCO Stores, Inc., (the “Company”), was founded as a general merchandising operation in 1901 in Abilene, Kansas by A. L. Duckwall. From its founding until 1968, the Company conducted its retail operations as small variety or “dime” stores. In 1968, the Company followed an emerging trend to broad line retailing when it opened its first ALCO store. The Company’s overall business strategy involves identifying and opening stores in towns that will provide the Company with the highest return on investment. As of February 2, 2014, the Company operates 212 stores located in the central United States, and as of this date, there were fourteen stores in various stages of closing. These fourteen stores will be closed during the early portion of fiscal 2015. The Company meets the requisite standard of a smaller reporting company under Rule 12b-2 of the Securities Exchange Act of 1934 (the “Exchange Act”). The Company was incorporated on July 2, 1915 under the laws of Kansas. ... More ...