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Shopko announces it is closing all stores

Posted at 3:01 PM, Mar 18, 2019

WISCONSIN — Shopko has announced that all of its stores will close after the company was unable to find a new buyer.

The closing process will begin this week. This follows Shopko's announcement in January that it had filed for bankruptcy and was closing a number of stores across the country. In its filing, the company cited excessive debt and ongoing competitive pressure.

In previous statements , the Ashwaubenon, Wisconsin-based retailer said the store closings would help make Shopko more attractive to potential buyers.