The Alliance Shopko was not on the list of stores closing today (Jan. 16) as the Green Bay, Wisc., company announced on its website that the retailer has filed for a “court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.”
Shopko reported that an additional 38 stores will be closed. Michelle Hansen, manager public relations and Shopko Foundation, provided a link to the company’s website with the complete listing of new and previously announced closings. Eight stores in Nebraska are scheduled by the end of April. A date of March 3 was listed for the Kimball store where residents there have shown support and explored ways to keep their Shopko open. Outside of Lincoln other locations in the state are Bellevue, Ord and Plattsmouth.
Shopko is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures, the news release states. In addition to store closings Shopko will relocate optical centers to freestanding locations and auction off its pharmacy business.
Shopko acquired a number of Pamida stores earlier this decade, including the Alliance location re-opening as Shopko Hometown. A pharmacy at the store later closed. Two independent pharmacies opened downtown in the months after that change. Alliance has experienced contrasting moves by two of its largest retailers as Boomgars relocated to a new, larger building along the Heartland Expressway (Highway 385) and Kmart announced it would be closing its Alliance store.