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Shopko Closes, Begins Liquidating Merchandise

The Shopko Hometown store in Wolf Point has announced plans to close its doors. According to store management, an official exit date is set for April 7.
The Shopko location in nearby Glasgow will remain open.
Staff at the Wolf Point store put up banners reading “Store Closing” and “Nothing Held Back” last week, but couldn’t offer any further details about either the closure or the chain’s plans for the future in our region.
Shopko’s corporate headquarters are located in Ashwaubenon, Wis., near Green Bay. The Green Bay Press Gazette reported Jan. 10 that a major pharmacy supplier said Shopko owes it $67 million, prompting speculation about potential bankruptcy filings. The Gazette also reported that six stores in Wisconsin will shutter by Feb. 15, adding to 39 stores slated to close nationwide.
Shopko was founded by pharmacist James Ruben in Green Bay in 1962. The company operates 360-plus stores in 26 states. According to Shopko’s website, the company employs more than 15,000 people, although it is unclear whether that figure has been adjusted for planned redundancies.
The Shopko building at 600 U.S. Hwy. 2 in Wolf Point is listed in state records as owned by a holding company, FIDC VII LLC, registered in Ohio, with an ownership interest listed as ALCO Stores, Inc. Nothing is known about the company’s plans for either the site or the building. ALCO Stores filed for bankruptcy on Oct. 12, 2014.
Shopko spokesperson Michelle Hansen could not be reached for comment.