Bankruptcy looms for Shopko

(WGEM) — Shopko, which operates stores throughout Wisconsin, 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 Jan. 15.

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 5 Shopko Express stores.

 

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