Bankruptcy looms for Shopko

(WGEM) – Shopko, which owns multiple stores in the region, could file for bankruptcy as early as next week.

The Green Bay Press Gazette reported that an attorney for a pharmaceutical company which is owed $67 million by Shopko said during a hearing Monday that Shopko is expected to file for bankruptcy on Tuesday.

This follows reports from Bloomberg in December that Shopko was having trouble finding a buyer and was making preparations to file bankruptcy.

Also in December, Shopko announced the closing of their in-store pharmacies.

The company’s website states the Wisconsin-based retailer operates 134 Shopko stores, 176 Shopko Hometown locations, 18 Shopko Pharmacy locations, and five Shopko Express stores.

The company has locations in the following cities and towns:
Aitkin, MN
Ely, MN
Duluth, MN
Moose Lake, MN
Mora, MN
Two Harbors, MN
Spooner, WI

Krystal Frasier

Krystal Frasier

Social Media and Digital Content Manager

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