Location, location, location is one of the mantras for success in brick & mortar retailing. But does a company's headquarters location also play a part in whether a given chain succeeds or fails?
Over the years, companies in various retail channels have moved headquarters for a variety of reasons including mergers, tax incentives, access to talent and infrastructure.
The latest retailer to announce a move to new digs is ALCO Stores. After more than 100 years headquartered in Abilene, Kansas, the broad-line retailer, which operates 217 stores in 23 states and targets smaller communities that have limited access to large chains, is moving to the Coppell, Texas on the outskirts of Dallas.
"Retailing today requires fast response, constant innovation and deep commitment from our vendor partners," Rich Wilson, president and CEO of ALCO Stores, said in statement. "Relocating to a more accessible location for our vendors is critical. In addition, our ability to attract and retain executive level leadership will be enhanced in the Dallas area."