Alco Stores to Close Following Bankruptcy Order

Small-town discount retailer Alco Stores will close after a U.S. Bankruptcy Court in Dallas approved an order by the company's creditors to shutter its stores. The court order Thursday follows the company's announcement last month that it had filed for Chapter 11 bankruptcy protection. Alco, based in the Dallas suburb of Coppell, said at the time that it intended to stay in business while reorganizing.