Jan. 16, 2019 – West Bend, WI – The future of the Shopko store in West Bend has been determined.
Shopko released the statement below.
January 16, 2019
To: Shopko Customers
Re: Important Information Regarding Shopko’s Restructuring
Since 1962, Shopko has provided quality name-brand merchandise, great values and services to small and mid-size cities and have consistently met the needs of smaller communities across the Central, Western and Pacific Northwest regions of the U.S.
Over the past several months, we have been taking action to drive improved performance and strengthen Shopko’s financial position. Today, Shopko took an important step towards protecting our future and ensuring our ability to continue delivering the high-quality products and services that our customers are accustomed to receiving.
WHAT THIS MEANS FOR YOU: WE ARE OPEN FOR BUSINESS
Our continuing stores are open. We continue to offer the high-quality products that you are accustomed to.
Our customer programs will be offered as normal at our continuing stores. Except for those stores that we are closing, we are continuing to honor return policies, warranties, gift cards and merchandise credits, as well as our loyalty programs.
You can continue to count on our high-quality products and services.
Today’s announcement provides clarity about the path forward for us, and we are confident the outcome will be a stronger Shopko for you, our valued customers, through the process.
If you have questions about this process, you can find FAQ’s and additional information on a special page on our website at http://info.shopko.com.
We will be sure to communicate with you throughout our reorganization and give regular updates as important decisions and major developments take place.
Russ Steinhorst, SHOPKO CEO
Kirkland & Ellis LLP is acting as the Company’s legal counsel, BRG is serving as restructuring advisor and Houlihan Lokey is acting as financial advisor.
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. For more information, visit www.shopko.com.
West Bend is on the list of store closings. Its last date is April 15, 2019. Click HERE for a list of other stores closing.
In December 2018 an article was posted at WashingtonCountyInsider.com regarding the pharmacy at Shopko transferring prescriptions to Kroger-owned grocery stores.
Shopko is based in Ashwaubenon, WI.
Details on the future of the retailer were recently published in the Green Bay Press Gazette. A portion of the latest article is below.
Shopko could file for bankruptcy protection from creditors as soon as next week, according to a pharmaceutical drug supplier that says the retailer owes it $67 million.
Jeff Garfinkle, an attorney for San Francisco-based McKesson Corp., said during a hearing Monday in Brown County Circuit Court, that Shopko is expected to file for bankruptcy on Jan. 15.
Click HERE to read the rest of the article.
Shopko is located in the Paradise Pavilion in West Bend, 1710 S. Main Street.