ABILENE — Duckwall-ALCO Stores Inc. (Nasdaq:DUCK), which specializes in providing products for everyday life in small-town America, announced at its June 27 annual meeting of shareholders that the company’s name will officially change to ALCO Stores Inc. An amendment to the Articles of Incorporation was approved at the meeting. ALCO Stores also plans to change its ticker symbol on NASDAQ to “ALCS.” Both the name change and the change in ticker symbol will be effective as of July 6.
Richard Wilson, president and chief executive officer, commented, “The evolution of the ALCO brand began 40 years ago when the Duckwall family recognized that customers were demanding greater variety and service while still receiving exceptional value. With the changing consumer interests, the Company began building larger stores they called ALCO and began phasing out the much smaller ‘five and dime’ Duckwall stores, culminating with the closure of the remaining stores in 2011. The Duckwall name has been important in our company’s 111-year history, and we honor our founder, A.L. Duckwall, in many ways, including the enhancement of the ALCO brand.”
According to the company website, area cities with ALCO stores include Ellsworth, Larned, Lyons and Russell.
Wilson continued, “Not only is ALCO the place to “Shop Smart and Save Smart” at 216 locations in 23 states, but customers can also access exceptional value at our newly launched ecommerce store at www.ALCOstores.com. The new corporate brand adds clarity for customers who value the remarkable quality at reasonable prices they find every day at ALCO stores.”