(WGEM) – Shopko, which owns multiple stores in the region, could file for bankruptcy as early as next week.
The Green Bay Press Gazette reported that an attorney for a pharmaceutical company which is owed $67 million by Shopko said during a hearing Monday that Shopko is expected to file for bankruptcy on Tuesday.
This follows reports from Bloomberg in December that Shopko was having trouble finding a buyer and was making preparations to file bankruptcy.
Also in December, Shopko announced the closing of their in-store pharmacies.
The company’s website states the Wisconsin-based retailer operates 134 Shopko stores, 176 Shopko Hometown locations, 18 Shopko Pharmacy locations, and five Shopko Express stores.
The company has locations in the following cities and towns:
Moose Lake, MN
Two Harbors, MN