Shopko Stores files for bankruptcy, plans 100 store closings
General merchandise retailer Shopko on Wednesday filed for Chapter 11 bankruptcy protection and said it would close more than 100 stores as part of its reorganization plan.
The troubled company, already in the midst of closing more than 60 stores, added 38 more store closures with its bankruptcy announcement, a spokesperson confirmed to CBS MoneyWatch. Shopko was not immediately able say how many of its 18,000 employees might be affected by the store closures.
Shopko is relocating over 20 optical centers to freestanding locations, and conducting an auction process for its pharmacy business, it said in a news release. (See the list of various store closings below.) It's secured up to $480 million in financing from a group of lenders led by Wells Fargo Bank that will let it continue operating, Shopko said.
"This decision is a difficult, but necessary one," Russ Steinhorst, Shopko's CEO, said in the statement. "In a challenging retail environment, we have had to make some very tough choices, but we are confident that by operating a smaller and more focused store footprint, we will be able to build a stronger Shopko that will better serve our customers, vendors, employees and other stakeholders through this process."
Purchased by Sun Capital Partners, a private-equity firm, for about $1.1 billion in 2005, the Green Bay, Wisconsin-based company operates 363 stores in 24 states under varying formats, according to its website.
Founded by a pharmacist in 1962, Shopko went public in 1991. It generated $3 billion a year in revenue in 2017, according to a spokesperson.
Here is a list of stores -- operating under the Shopko, Hometown and Express names -- the bankrupt company plans to close. It's followed by a list of Shopko pharmacies that are closing and whose prescriptions will be transferred to nearby pharmacy locations run by other companies:
- Hometown - 333 S. Lincoln, Burlington, CO, 80807
- Hometown - 401 US Highway 24, Leadville, CO, 80461
- Hometown - 415 US Highway 24 N, Buena Vista, CO, 81211
- Shopko - 313 North Roosevelt Ave, Burlington, IA, 52601
- Shopko - 4810 Avenue O, Fort Madison, IA, 52627
- Hometown - 2402 Central Ave., Estherville, IA, 51334
- Hometown - 200 Red Bull Division Drive, Webster City, IA, 50595
- Hometown - 1620 N. 2nd Street, Cherokee, IA, 51012
- Hometown - 1180 S 16TH ST, CLArinda, IA, 51632
- Hometown - 911 S K Ave, Vinton, IA, 52349
- Hometown - 808 4TH ST. Southeast, Hampton, IA, 50441
- Hometown - 2220 HWY 175 West, Onawa, IA, 51040
- Hometown - 106 Smith Street, Bloomfield, IA, 52537
- Hometown - 1425 Edgington Avenue, Eldora, IA, 50627
- Shopko - 2100 Caldwell Blvd., Nampa, ID, 83651
- Shopko - 8105 W Fairview Avenue, Boise, ID, 83704
- Shopko - 2655 South Broadway Ave, Boise, ID, 83706
- Hometown - 110 Watters Drive, Dwight, IL, 60420
- Hometown - 1520 W. 9th Street, Mount Carmel, IL, 62863
- Hometown - 2052 E Commercial Ave, Lowell, IN, 46356
- Hometown - 1215 E. Main Street, Attica, IN, 47918
- Hometown - 840 North U.S. 41, Rockville, IN, 47872
- Hometown - 100 Cross Country Plaza, Batesville, IN, 47006
- Hometown - 710 N Ll And G Avenue, Anthony, KS, 67003
- Hometown - 87 S Fossil St, Russell, KS, 67665
- Hometown - 1401 State Street, Phillipsburg, KS, 67661
- Hometown - 821 West Crawford Street, Clay Center, KS, 67432
- Hometown - 1702 MAIN STREET, Scott City, KS, 67871
- Hometown - 1212 W. Main Street, Lyons, KS, 67554
- Hometown - 908 E. 14th Street, Larned, KS, 67550
- Hometown - 300 Cross Street, Burlington, KS, 66839
- Hometown - E 9916 M28 East, Wetmore, MI, 49895
- Hometown - 3825 S. Huron Road, Standish, MI, 48658
- Hometown - 56419 Pokagon Street, Dowagiac, MI, 49047
- Shopko - 2820 HWY 63 South, Rochester, MN, 55904
- Shopko - 1001 Highway 15 South, Fairmont, MN, 56031
- Hometown - 416 U.S. Highway 59, Mahnomen, MN, 56557
- Hometown - 216 Main Avenue Ne, Warroad, MN, 56763
- Hometown - 810 Diekmann Drive, Paynesville, MN, 56362
- Hometown - 101 S. Polk, Albany, MO, 64402
- Hometown - 812 Harvest Hills Drive, Carrollton, MO, 64633
- Hometown - 459 Grand Ave, Memphis, MO, 63555
- Hometown - 600 US Highway 2e, Wolf Point, MT, 59201
- Hometown - 117 West 1st Avenue, Plentywood, MT, 59254
- Hometown - 602 Main Avenue West, Rolla, ND, 58367
- Hometown - 1420 North 7th Street, Oakes, ND, 58474
- Hometown - 1709 Main Street, Libson, ND, 58054
- Hometown - 935 3rd Street Se, Mayville, ND, 58257
- Hometown - 1900 HWY 49, Beulah, ND, 58523
- Shopko - 4200 South 27th Street, Lincoln S, NE, 68502
- Shopko - 601 Galvin Road South, Bellevue, NE, 68005
- Shopko - 100 South 66th Street, Lincoln, NE, 68510
- Shopko - 3400 North 27th Street, Lincoln, NE, 68521
- Shopko - 6845 South 27th Street, Lincoln, NE, 68512
- Hometown - 133 Trotter Avenue, Ord, NE, 68862
- Hometown - 211 S. 23rd Street, Plattsmouth, NE, 68048
- Hometown - 1217 South Highway 71, Kimball, NE, 69145
- Hometown - 908 West Avenue D, Lovington, NM, 88260
- Hometown - 825 Valley Street, Minerva, OH, 44657
- Hometown - 378 Lewisville Road, Woodsfield, OH, 43793
- Shopko - 60 NE Bend River Mall Ave, Bend, OR, 97703
- Shopko - 1601 W. 41ST ST, Sioux Falls, SD, 57105
- Shopko - 4501 East Arrowhead Parkway, Sioux Falls, SD, 57110
- Hometown - 614 W 3RD Street, Redfield, SD, 57469
- Hometown - 905 W SD Highway 46, Wagner, SD, 57380
- Hometown - 620 E Highway 12, Webster, SD, 57274
- Hometown - 1208 N Highway 77, Dell Rapids, SD, 57022
- Hometown - 1135 Mt. Rushmore Road, Custer, SD, 57730
- Hometown - 124 Lumar Dr, Jacksboro, TX, 76458
- Hometown - 1000 Us Business 67, Presidio, TX, 79845
- Shopko - 5959 South State Street, Murray, UT, 84107
- Shopko - 2165 East 9400 South, Sandy City, UT, 84093
- Shopko - 1553 West 9000 S, West Jordan, UT, 84088
- Shopko - 5800 South Redwood Road, Taylorsville, UT, 84123
- Shopko - 1018 Washington Boulevard, Ogden, UT, 84404
- Shopko - 4850 West 3500 South, West Valley, UT, 84120
- Shopko - 747 South Main, Brigham City, UT, 84302
- Shopko - 125 S State Street, Orem, UT, 84058
- Shopko - 955 North Main Street, Spanish Fork, UT, 84660
- Hometown - 94 North 400 East, Delta, UT, 84624
- Hometown - 1174 N. Main Street, Nephi, UT, 84648
- Hometown - 860 S Main Street, Blanding, UT, 84511
- Hometown - 660 N Main St, Beaver, UT, 84713
- Shopko - 5801 Summit View Ave, Yakima, WA, 98908
- Shopko - 5500 Martin Way E, Lacey, WA, 98516
- Shopko - 4515 South Regal Street, Spokane, WA, 99223
- Shopko - 1450 South Grand Ave., Pullman, WA, 99163
- Shopko - 216 S. Military Ave., Green Bay, WI, 54303
- Shopko - 3415 Calumet Ave., Manitowoc, WI, 54220
- Shopko - 1710 S. Main St., West Bend, WI, 53095
- Shopko - 2400 Rose Street, La Crosse N, WI, 54603
- Shopko - 7401 Mineral Point Rd., Madison, WI, 53717
- Shopko - 1578 Appleton Rd, Menasha, WI, 54952
- Shopko - 1200 Main Street, Stevens Point, WI, 54481
- Shopko - 2201 Zeier Rd., Madison, WI, 53704
- Shopko - 1771 Wisconsin Ave, Grafton, WI, 53024
- Shopko - 699 S Green Bay Road, Neenah, WI, 54956
- Shopko - 1800 Plover Road, Plover, WI, 54467
- Shopko - N 66 W 25201 County Vv, Sussex, WI, 53089
- Express - W3208 Van Roy Road, Buchanan, WI, 54915
- Express - 2101 East Evergreen Drive (Express Location), Appleton, WI, 54913
- Hometown - 406 Gateway Avenue, Mauston, WI, 53948
- Hometown - 1010 South Mainline Dr, Seymour, WI, 54165
- Hometown - 142 S Hwy 20, Thermopolis, WY, 82443
- Hometown - 925 North 6th Street, Greybull, WY, 82426
The company also published a list of pharmacies that were closing, including locations to which prescriptions will be transferred:
- 2100 Caldwell Blvd., Nampa, ID, 83651 – RX will be transferred to a Kroger owned location
- 8105 W Fairview Avenue, Boise, ID, 83704 - Kroger owned location
- 2655 South Broadway Ave, Boise, ID, 83706 - Kroger owned location
- 555 West South Street, Freeport, IL, 61032 - CVS
- 3200 Broadway, Quincy, IL, 62301 - Hy-Vee
- 1212 W. Main Street, Lyons, KS, 67554 - Stafford County Drug
- 908 E. 14th Street, Larned, KS, 67550 - Stafford County Drug
- 1850 E Madison Ave., Mankato, MN, 56001 - Hy-Vee
- 1200 Susan Drive, Marshall, MN, 56258 - Hy-Vee
- 2820 HWY 63 South, Rochester, MN, 55904 - Hy-Vee
- 3708 HWY 63 North, Rochester, MN, 55906 - Hy-Vee
- 1209 18th Ave Northwest, Austin, MN, 55912 - Hy-Vee
- 405 Cottonwood Dr, Winona, MN, 55987 - Hy-Vee
- 1001 Highway 15 South, Fairmont, MN, 56031 - Hy-Vee
- 2610 Bridge Ave., Albert Lea, MN, 56007 - Hy-Vee
- 501 Hwy. 10 Se, St. Cloud, MN, 56304 - CVS
- 226 E. Lincoln, Fergus Falls, MN, 56537 - Thrifty White
- 300 Jake Street, Perham, MN, 56573 - Thrifty White
- 1370 Us Hwy 2 East, Kalispell, MT, 59901 - Kroger owned location
- 2208 North Webb Rd, Grand Island, NE, 68803 - Hy-Vee
- 4200 South 27th Street, Lincoln S, NE, 68502 - Hy-Vee
- 601 Galvin Road South, Bellevue, NE, 68005 - Kroger owned location
- 100 South 66th Street, Lincoln, NE, 68510 - Hy-Vee
- 2005 Krenzien Drive, Norfolk, NE, 68701 - Hy-Vee
- 14445 West Center Road, Omaha, NE, 68144 - Hy-Vee
- 6845 South 27th Street, Lincoln, NE, 68512 - Hy-Vee
- 615 Dearborn Street, Wayne, NE, 68787 - U-Save
- 700 9th Avenue Se, Watertown, SD, 57201 - Hy-Vee
- 1601 W. 41st St, Sioux Falls, SD, 57105 - Hy-Vee
- 4501 East Arrowhead Parkway, Sioux Falls, SD, 57110 - Hy-Vee
- 5959 South State Street, Murray, UT, 84107 - Kroger owned location
- 2165 East 9400 South, Sandy City, UT, 84093 - Kroger owned location
- 1553 West 9000 S, West Jordan, UT, 84088 - Kroger owned location
- 5800 South Redwood Road, Taylorsville, UT, 84123 - Kroger owned location
- 1018 Washington Boulevard, Ogden, UT, 84404 - Kroger owned location
- 1341 North Main Street, Logan, UT, 84341 - Kroger owned location
- 4850 West 3500 South, West Valley, UT, 84120 - Kroger owned location
- 747 South Main, Brigham City, UT, 84302 - Kroger owned location
- 125 S State Street, Orem, UT, 84058 - Kroger owned location
- 955 North Main Street, Spanish Fork, UT, 84660 - Kroger owned location
- 5801 Summit View Ave, Yakima, WA, 98908 - Kroger owned location
- 5500 Martin Way E, Lacey, WA, 98516 - Kroger owned location
- 216 S. Military Ave., Green Bay, WI, 54303 - Kroger owned location
- 301 Bay Park Square, Ashwaubenon, WI, 54304 - Kroger owned location
- 3415 Calumet Ave., Manitowoc, WI, 54220 - Kroger owned location
- 2430 East Mason, Green Bay, WI, 54302 - Kroger owned location
- 1105 E. Grand Ave., Rothschild, WI, 54474 - Kroger owned location
- 1306 N. Central Av, Marshfield, WI, 54449 - Kroger owned location
- 1100 East Riverview Expressway, Wisconsin Rapids, WI, 54494 - Kroger owned location
- 1000 West Northland Ave, Appleton, WI, 54914 - Kroger owned location
- 1710 S. Main St., West Bend, WI, 53095 - Kroger owned location
- 701 S. Church St., Watertown, WI, 53094 - Kroger owned location
- 2761 Prairie Ave., Beloit, WI, 53511 - CVS
- 4801 Washington Ave, Racine, WI, 53406 - Kroger owned location
- 800 East Maes Ave, Kimberly, WI, 54136 - Kroger owned location
- 7401 Mineral Point Rd., Madison, WI, 53717 - Hy-Vee
- 2500 E US Hwy 14, Janesville, WI, 53545 - CVS
- 5300 52nd St, Kenosha, WI, 53144 - Kroger owned location
- 1578 Appleton Rd, Menasha, WI, 54952 - Kroger owned location
- 1300 S Koeller Road, Oshkosh, WI, 54902 - Kroger owned location
- 616 West Johnson Street, Fond Du Lac, WI, 54935 - Kroger owned location
- 1200 Main Street, Stevens Point, WI, 54481 - Kroger owned location
- 200 South 18th Ave, Wausau, WI, 54401 - Kroger owned location
- 1771 Wisconsin Ave, Grafton, WI, 53024 - Kroger owned location
- 699 S Green Bay Road, Neenah, WI, 54956 - Kroger owned location
- 518 South Taylor Drive, Sheboygan, WI, 53081 - Kroger owned location
- 1800 PLOVER ROAD, PLOVER, WI, 54467 - Kroger owned location
- N 66 W 25201 County Vv, Sussex, WI, 53089 - Kroger owned location
- W3208 Van Roy Road, Buchanan, WI, 54915 - Kroger owned location
- 2101 East Evergreen Drive, Appleton, WI, 54913 - Kroger owned location
- 1010 South Mainline Dr, Seymour, WI, 54165 - CVS
- 925 North 6th Street, Greybull, WY, 82426 - Basin Drug