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Shopko Closing 39 Stores

Shopko is closing 39 stores, the company confirmed, as the regional discount store operator seeks to reconfigure its operations.

A Shopko spokesperson, Michelle Hansen, confirmed published reports that the company would shutter stores in Colorado, Idaho, Illinois, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, New Mexico, North and South Dakota, Oklahoma, Texas, Utah, Washington, Wisconsin and Wyoming.

She stated that liquidation sales at the stores begin tomorrow, December 7 with the locations going dark by the end of February.

The given reason for the closings is store underperformance, but the reports include speculation that cites investment restraint attributed to owner Sun Capital Partners and tough competition both from online and brick and mortar sources as factors eroding store performance.

“Despite all of the stores’ efforts, as we reviewed the long-term outlook on profitability, sales trends and potential growth, we came to the difficult decision that it was necessary to close these stores,” Hansen noted. “We are not releasing further information at this time.  As a matter of company policy, we do not comment on rumor or speculation.”

As of today, Shopko operates more than 370 stores in 26 states.