END OF AN ERA: Shopko Closing All Remaining Stores, Could Not Find Buyer

Local News

Shopko has announced they will close all remaining stores.

Shopko says despite its best efforts, it was unable to find a buyer.

As a result, according to the company, Shopko will commence a wind-down of its retail operations beginning this week.

Furthermore, the company is evaluating strategic options for its optical business.

The company says it will not move forward with the auction that it previously contemplated, and Gordon Brothers will oversee a liquidation process that is expected to conclude 10-12 weeks from now.

Shopko says it is committed an orderly wind-down of operations that minimizes the impact of this news on its teammates, customers, vendors and the communities it serves.

Russ Steinhorst, Chief Executive Officer,  

“This is not the outcome that we had hoped for when we started our restructuring efforts.

We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Coronavirus News

More Coronavirus

Trending Stories

Your Local Election HQ

More Election

Local Sports

Denmark outlasts Little Chute, Fox Cities Stars girls cruise past Storm

Phoenix complete sweep of Purdue Fort Wayne

Freedom boys take control of NEC top spot, Seymour stays in Bay race

Green Bay Nation: NFC Championship Picks

Green Bay Nation: NFC Championship Challenge or No Challenge

Green Bay Nation: NFC Championship Top 5 Tweets