Shopko announced Monday the closure of all its stores after it was unable to find a buyer for its business, according to a report by Mitch Keegan of KEYC in Mankato, Minn.
The Perry store is slated for closure June 16, according to the latest list of closing stores.
The company told Keegan it will not move forward with an auction as previously planned, but the Gordon Brothers bankruptcy law firm will oversee a liquidation process expected to last through June.
Shopko said it is committed to ensuring the orderly wind-down of operations that minimizes the impact of this development on its teammates, customers, vendors and the communities it serves, according to Keegan’s report. The company is also evaluating options for its optical business.
“This is not the outcome that we had hoped for when we started our restructuring efforts,” said Shopko CEO Russ Steinhorst. “We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”
Michelle Hansen, a spokesperson with Shopko media relations, said the company will begin a wind-down of its retail operations this week with liquidation sales, and she expects the stores to close in 10 to 12 weeks.
The company began announcing restructuring in January, with the closure of some pharmacy locations as well as stores.
Founded in 1962, Shopko operates 367 stores in 25 states, including full Shopko stores, Hometown stores, Shopko Express and Shopko Optical locations, according to its website.