GREEN BAY — Just a day after
filing for bankruptcy under Chapter 11 protection, Shopko was
informed it could continue its operations.
“We truly appreciate and are encouraged by the outpouring of support
that we have received over the last 24 hours from our customers,
communities, landlords, vendors, and government officials,” said
Russ Steinhorst, chief executive officer, in a statement. “I also
want to thank all of our teammates for their ongoing hard work and
As part of the court’s approval of first day motions, Shopko
received authorization to provide employee wages, health care
coverages and other benefits, including retirement benefits, without
interruption, and pay vendors and suppliers for authorized goods and
services provided on or after the filing date. Additionally,
customer programs, including gift cards and loyalty program, will be
honored and continued in the ordinary course.
Shopko recently announced it will be closing its Sussex, West Bend
and Grafton locations.
<<EARLIER: Shopko files for bankruptcy; will close West Bend and