Tuesday, March 19, 2019

Shopko to liquidate

Retail Dive
In early February, it was Shopko's plan to continue operating physical locations as it restructured, albeit with fewer stores. "Through our conversations with potential buyers, it has become clear that it is in our best interest to operate with a significantly smaller store footprint," a company spokesperson said at the time in a statement to Retail Dive.

Yet, court documents on Monday revealed that those hopes have been squashed. Shopko announced that it will be closing an additional 120 stores in locations in Idaho, Illinois, Iowa, Michigan, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming. Those stores are shuttering in addition to the approximately 250 locations that were announced at the end of 2018 and the start of 2019.. . . more