Shopko stores in the area are among those being closed as a result of the company’s financial restructuring.
On January 16, Shopko announced that it had filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.
The company is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in the U.S. Bankruptcy Court for the District of Nebraska.During the restructuring process, Shopko will continue to operate and serve its customers, vendors, partners and employees.
“This decision is a difficult, but necessary one,” said Russ Steinhorst, Chief Executive Officer. “In a challenging retail environment, we have had to make some very tough choices, but we are confident that by operating a smaller and more focused store footprint, we will be able to build a stronger Shopko that will better serve our customers, vendors, employees and other stakeholders through this process.”
Thirteen stores in Kansas, including several in the area, and their estimated last day of operation according to the company website, include the following.
- Abilene, May 12, 2019
- Anthony, March 2, 2019
- Beloit, May 12, 2019
- Burlington, April 7, 2019
- Clay Center, March 2, 2019
- Larned, March 2, 2019
- Lyons, March 2, 2019
- Norton, May 12, 2019
- Phillipsburg, March 2, 2019
- Russell, March 2, 2019
- Scott City, April 14, 2019
- Seneca, May 12, 2019
- Ulysses, May 12, 2019
Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $3 billion retailer that operates more than 360 stores in 26 states throughout the Central, Western and Pacific Northwest regions. Retail formats include 126 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept; 6 Shopko Pharmacy locations; 4 Shopko Optical locations and 234 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities.