New documents filed in Bankruptcy court today, show that Shopko will close it’s remaining stores by June 16th. In a press release, the company stated that it was unable to find a buyer and will begin slowing down its operations this week.
Shopko CEO Russ Steinhorst said in a statement:
“This is not the outcome that we had hoped for when we started our restructuring efforts. We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”
The auction, originally slated for Tuesday morning, has been canceled as the 10-12 week liquidation process will now begin.
