ALCO Stores, Inc., announced Wednesday it will move its corporate headquarters from Abilene to Coppell, Texas, a Dallas suburb, in June.

The company’s distribution center in Abilene, as well as its retail store in Abilene, will remain. About 80 people are expected to lose their jobs as a result of the corporate headquarters’ move.

In a press release announcing the move, ALCO’s CEO Rich Wilson said the decision to move the home office out of Abilene was not an easy one.

“This was an extremely difficult decision, which is by no means a reflection on the dedication, commitment or talent of our existing employees in Abilene,” Wilson said in a written statement. “It is a decision that is necessary for ALCO to remain competitive and grow.”

For that to happen, the move had to be to a major metropolitan center, Wilson said.

“The Dallas location provides easy access to many of our stores, other major retailers and transportation for our employees and business partners,” Wilson’s statement said.