A fuller picture of the scale and impact of Shopko’s bankruptcy plan has emerged recently as the company announced spates of store closures.
In December 2018, Shopko revealed it would close 39 stores and a few days later refuted rumors that it was considering bankruptcy. By mid-January the company announced that it filed for Chapter 11 in the District of Nebraska and was pursuing restructuring due to debt and increased industry competition. In the weeks following the bankruptcy filing, news outlets throughout the Midwest reported on individual store closures which were, in turn, confirmed by the company.
