A patron is seen walking
into Shopko in West Bend in January. The chain had
previously announced the closing of many of its
locations around the state, but on Monday it announced
all stores would close.
ASHWAUBENON, Wis. —
Wisconsin-based retail chain Shopko Stores plans to close its
remaining 120 department stores by mid-June.
Shopko said Monday the company was unable to find a buyer for its
business. The company plans to begin winding down its retail
operations this week. It is also evaluating the “strategic options
for its optical business.”
Locations previously announced for closure in southeastern Wisconsin
included West Bend, Sussex, Grafton, Watertown, Racine and Kenosha.
WLUK-TV reports those closings will affect an additional 5,000
Shopko says it will not move forward with an auction that was
scheduled Tuesday. The liquidation is expected to take 10-12 weeks.
The retailer, headquartered near Green Bay, filed for bankruptcy
protection in January, citing excessive debt and ongoing competitive
pressure, and began announcing store closings.
“This is not the outcome that we had hoped for when we started our
restructuring efforts,” said CEO Russ Steinhorst. “We want to thank
all of our teammates for their hard work and dedication during their
time at Shopko.”
Previously, Steinhorst had said that the “challenging retail
environment” was a factor in why the company had to make “tough
At that point, he believed there was a path forward for Shopko.
“ ... 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,” he had said.
Shopko began with a store in Green Bay in 1962.
contributing: Conley Media