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ALCO Stores, AŞ Message Board

  • watchingatrainwreck watchingatrainwreck Apr 7, 2014 10:05 AM Flag

    Alco closing test store in Grand Prairie

    And they just announced the closing of their new flagship location near the headquarters in Coppell.

    I don't think that's going to help their recruitment of new talent on a national level much.

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    • In their business (retail)---merchandising talent is plentiful and looking for income. Its a buyer's market
      Their move to Dallas was probably a good one--as it was very hard to attract anyone to move to Abilene plus they are low pay
      At least in Dallas--if you get laid off (or they fold)--your house value won't collapse and your in a vibrant market for jobs (not necessarily merchandising/retail)

      • 1 Reply to dsommerl
      • "At least in Dallas--if you get laid off (or they fold)--your house value won't collapse and your in a vibrant market for jobs (not necessarily merchandising/retail)"

        True enough.

        It makes me wonder how they will retain anyone.

        Well, not really. The answer is, they won't. Anyone with any talent will move on to better jobs in the area. It's the same problem that they currently have at the store level. Their turnover, especially at the management level, is absurd given the limited competition that most of the communities have. It should be very easy to recruit, train, and retain store managers in small towns with fewer alternatives. They can't staunch the knowledge bleed at that level. I have little hope that this will help stabilize the revolving door in the buyers and merchandisers. Everyone above that level is just holding out for a big payout if they can find someone dumb enough to buy this company. That's really the only benefit from the move. It's easier for potential buyers to fly into DFW and conduct their audits.

 
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