? The discount chain has 22 stores in Kansas.
Alco stores will be closing nationwide, including the one in Hills?boro and 21 other communities across Kansas.
The stores began conducting liquidation sales Friday morning, a day after a U.S. Bankruptcy Court in Dallas authorized three holding companies?Tiger Capital Group LLC, SB Capital Group LLC and Great American Group LLC?to begin doing so.
Alco opened its store in Hillsboro in 1994. The closing date has not been announced.
In Kansas, Alco also operates stores in Abilene, Anthony, Beloit, Ellsworth, Eureka, Fredonia, Garnett, Hugoton, Kingman, Louis?burg, Lyons, Meade, Medi?cine Lodge, Phillips?burg, Pratt, Russell, Sabetha, Scott City, Smith Center, South Hutchinson and Ulysses.
Nationally, 198 stores in 23 states will close, including the 113-year-old discount retailer?s 352,000-square foot distribution center in Abilene.
During the liquidation sale, the company plans to sell $260 million of inventory, fixtures and equipment.
The manager of the Hills?boro store declined to comment on the corporate decision.
