By Russ Pankonin
The Imperial Republican
By all indications, Imperial will be the site for a new Bomgaars store.
Company officials confirmed Wednesday they are continuing to move forward with plans to locate a store in Imperial.
Barring any unforeseen circumstances, Bomgaars Vice President Torrey Wingert said the plan is to locate the new store in the ALCO building.
ALCO filed for bankruptcy and is in the midst of a total liquidation.
Wingert said Bomgaars was the successful bidder in bankruptcy court for 12 ALCO locations, including Imperial and Ogallala.
However, he said the company is still working through the bankruptcy process, which includes securing lease assignments on the buildings.
ALCO leased the Imperial store, as well as other locations, from other owners.
Until all the transactions are complete, plans are still subject to change, Wingert cautioned.
He said company representatives have already met with ALCO employees in Imperial about the possibility of continued employment.
Bomgaars, which has an area store in Ogallala, is a family owned and operated supplier with 69 stores in Iowa, Colorado, Nebraska, Minnesota, South Dakota and Wyoming, employing approximately 1,800 people.
The corporate office and distribution center are located in Sioux City, Iowa, where the company began in 1952.
The Imperial ALCO store is scheduled to close Jan. 31. Prices have been continually marked down as the liquidation sale closes in on the final date.
Orscheln Farm and Home, which has a store in McCook, announced they have purchased ALCO’s distribution center in Abilene, Kan.