Russell Corporation, maker of Russell Athletic, Cross Creek, Jerzees, and Country Cottons apparel, was founded in 1902 and was the largest employer in the city until around 2012. On April 17, 2006, Russell Corporation was bought by Berkshire Hathaway/Fruit of the Loom for an estimated $600 million. Since about 1998, the number of workers employed by Russell Corporation in Alex City has been steadily declining. More than 6,500 jobs have been lost as most operations have moved offshore and management is now headquartered in Bowling Green, Kentucky. , most of the manufacturing has been closed in Alex City and the majority of buildings are empty.
