Shopko announces closing of all stores by June of this year

In a statement released Monday, March 18, Shopko Stores, Inc. has announced that it will liquidate its assets and close all of its remaining locations by June of this year, according to a document filed March 18 in U.S. bankruptcy court. The company stated that it was unable to find a buyer for the retail business and will begin winding down its operations beginning this week.

January 16 of this year, Shopko announced that it, along with its subsidiaries, had filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company had then announced in February plans to close 250 stores, or about 70 percent of its locations.

The Monday, March 18 announcement indicates closure of all stores will be completed by June 16. Further details of anything relating to the closing of the Shopko location in Waukon will be published as they become available.