Shopko to close all stores

GREEN BAY, WISCONSIN — Shopko, the general merchandise retailer based out of Wisconsin, announced on Monday that all of its remaining stores will close.

“Despite the company’s best efforts, it was unable to find a buyer for its go-forward business as a going concern,” the company said in a written statement. “As a result, Shopko will commence an orderly wind-down of its retail operations beginning this week. Further, the company is evaluating strategic options for its optical business.”

The closure of the Webster City Shopko Hometown was announced in December. That store was scheduled to close in mid-March.

Shopko also has stores in Humboldt and Clarion.

The liquidation process is anticipated to conclude in about 12 weeks. According to the press release, Gordon Brothers will oversee the liquidation.

The company operates more than 300 stores in 24 states throughout the Central, Western and Pacific Northwest regions.

The firm also developed 222 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities.

Shopko was founded in 1962.

“This is not the outcome that we had hoped for when we started our restructuring efforts,” said Chief Executive Officer Russ Steinhorst. “We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”