ALCO Stores Files for Bankruptcy as Small-Town Sales SlowDawn McCarty
ALCO Stores Inc., the 113-year-old small-town retailer, sought bankruptcy protection with a plan to liquidate assets at store-closing sales, blaming a drop in consumer spending on a lingering economic slowdown. The shares fell 71 percent today in New York trading.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.