GREEN BAY, WI – Mason City’s Shopko retail store will remain open during company restructuring, the company announced this week.
Shopko was founded in 1962 and currently operates 134 Shopko stores, 176 Shopko Hometown locations, 18 Shopko Pharmacy locations and 5 Shopko Express stores.
On January 16, 2019, Shopko, a leading operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.
This announcement is an important step towards protecting Shopko’s future, the company said in a statement, and ensuring its ability to continue delivering the high-quality products and services that our customers are accustomed to receiving.
Shopka says they “are confident the outcome will be a stronger Shopko. We will be sure to communicate with everyone throughout our reorganization and give regular updates as important decisions and major developments take place.”
Stores will be closing in Iowa – including Webster City, Estherville and Hampton – and Minnesota. 38 store in total will close.