Shopko to close all of its stores

Initial shutdown announced in January. Remaining locations to close by June.

Posted: Mar 18, 2019 3:13 PM
Updated: Mar 18, 2019 3:20 PM

ASHWAUBENON, Wis. – Shopko is closing all of its stores across the country.

The company announced early in 2019 that it would shutting down most of its locations as it moved through bankruptcy. On Monday, it filed in U.S. Bankruptcy Court that the remaining 120 department stores would close by June 16.    Thousands of employees will lose their jobs.

ShopKo said Monday the company was unable to find a buyer for its business and it began to wind down its retail operations this week.

This announcement includes the Highway 63 North Shopko in Rochester as well as the stores in Mason City, Kasson, Winona, Humboldt, and New Hampton. The April 15 closure of the Shopko on Highway 63 South in Rochester was previously announced.

The retailer, headquartered near Green Bay, citied excessive debt and ongoing competitive pressure when it filed for bankruptcy.

CEO Russ Steinhorst says in a statement "this is not the outcome that we had hoped for when we started our restructuring efforts."

ShopKo began with a store in Green Bay in 1962.

Article Comments

Mason City
Clear
59° wxIcon
Hi: 63° Lo: 48°
Feels Like: 59°
Albert Lea
Clear
59° wxIcon
Hi: 66° Lo: 48°
Feels Like: 59°
Austin
Clear
57° wxIcon
Hi: 67° Lo: 50°
Feels Like: 57°
Charles City
Scattered Clouds
57° wxIcon
Hi: 65° Lo: 50°
Feels Like: 57°
Rochester
Clear
57° wxIcon
Hi: 66° Lo: 46°
Feels Like: 57°
Rain returns Monday
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Poker tournament held to stop domestic violence

Image

Rochester coat drive

Image

Hunt for a cure

Image

Chris' PM Weather Forecast 10/19

Image

Ethnic Lunch Newsroom Liveshot

Image

Chris' 10 PM Weather Forecast

Image

Sports Overtime, highlights and scores from Friday

Image

Clear Lake donut shop best in state

Image

Homelessness experienced to raise funds and awareness

Image

Battle of the Badges: rib eating contest

Community Events