Shopko in Broken Bow to close June 16

Staff Writer

The Hometown Shopko store in Broken Bow will close June 16, 2019, according to Michelle Hansen, Manager Public Relations & Shopko Foundation.

Fifteen full time and part time employees will be affected by the closure. Stores are working with local job placement agencies to assist employees who will lose their jobs.

Hansen said liquidation and wind down of inventory will begin this week.

The following is the Monday, March 18, 2019 announcement from Shopko in regards to the closing.

GREEN BAY, Wis., March 18, 2019 /PRNewswire/ -- Shopko ("the Company") today announced that despite the Company's best efforts, it was unable to find a buyer for its go-forward business as a going concern. 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 Company will not move forward with the auction that it previously contemplated, and Gordon Brothers will oversee a liquidation process that is expected to conclude 10-12 weeks from now.

Shopko is committed to ensuring the orderly wind-down of operations that minimizes the impact of this development on its teammates, customers, vendors and the communities it serves.

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

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