WAUSAU PILOT AND REVIEW
Shopko announced today that the company will shutter all its stores, including locations in Wausau and Rothschild.
“This is not the outcome that we had hoped for when we started our restructuring efforts,” said Russ Steinhorst, chief executive officer. “We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”
Earlier this year, the discount retailer announced two rounds of store closings after filing for Chapter 11 bankruptcy.
Shopko was founded by pharmacist James Ruben in Green Bay in 1962, and it was purchased by Sun Capital Partners, a private equity group in 2005. Before the closures, the chain had operated about 360 stores in 24 states.
Liquidation sales are imminent. All stores are expected to close in the next 10 to 12 weeks.