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Alco stockholders group to submit proxies
Abilene, Kansas – A group called Concerned Alco Stockholders (CAS), led shareholders David Pointer and Dilip Singh, it intends to mail its own proxy statement to stockholders of Alco Stores Inc. for the purpose of giving Alco stockholders the opportunity to vote for new board members at the Alco 2014 annual meeting of stockholders.
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Achieving Closure
While we’re only just getting started on 2014, already one of the big retail stories is store closings. While the economy is far from robust, we aren’t in a recession either, and so at first these closings might seem a little surprising. I don’t see it that way, however: The recent spate of planned store closing for 2014 is exactly what we should expect from an industry in transition. It’s not a crisis, so much as it is a realignment.