Editing Shopko (section)

=== Chapter 11 and liquidation ===
On December 4, 2018 Shopko confirmed that it was closing 39 stores.<ref>{{cite web| title=Shopko closing 39 stores| url=https://www.retaildive.com/news/debtwire-shopko-explores-restructuring/543527/| website=RetailDive| last1=Howland| first1=Daphne| date=December 4, 2018|access-date=January 17, 2019}}</ref> The following day, [[Bloomberg L.P.|Bloomberg]] reported that Sun Capital had failed to find a buyer for Shopko and that the capital partners found a Chapter 11 situation increasingly likely.<ref>{{cite news| last1=Doherty| first1=Katherine| title=Sun Capital's Shopko Stores Prepares for Possible Bankruptcy| url=https://www.bloomberg.com/news/articles/2018-12-05/sun-capital-s-shopko-said-to-prepare-for-potential-bankruptcy| website=[[Bloomberg News|Bloomberg]]| date=December 4, 2018| access-date=January 17, 2019}}</ref>

Shopko began closing its pharmacies in December 2018 and selling its patient records to local competitors including [[Walgreens]], [[CVS Health|CVS]], [[Hy-Vee]] and [[Kroger]]. On January 8, 2019, [[McKesson Corporation]] filed a suit against Shopko, seeking $67 million ({{Inflation|index=US-GDP|value=67000000|start_year=2019|r=-4|fmt=eq}}) in delinquent payments.<ref>{{cite web| last1=Schmidt| first1=Brittany| title=Pharmaceutical company seeks $67 million from Shopko| url=https://www.wbay.com/content/news/Pharmaceutical-company-seeks-67-million-from-Shopko-504060991.html| website=[[WBAY]]| date=January 8, 2019|access-date=January 17, 2019}}</ref> Along with the announcement, it was reported that Shopko could file for bankruptcy as early as January 15. On January 16, 2019, Shopko filed for [[Chapter 11, Title 11, United States Code|Chapter 11]] bankruptcy in [[Nebraska]] court, citing tough market competition and assets of less than $1 billion compared to liabilities of up to $10 billion ({{Inflation|index=US-GDP|value=10000000000|start_year=2019|r=-7|fmt=eq}}).<ref name="Bankrupt">{{cite web| url=https://www.greenbaypressgazette.com/story/money/2019/01/16/shopko-files-bankruptcy-close-38-more-stores/2551819002/|title=Shopko files for bankruptcy, will close 105 stores, including 16 in Wisconsin| last=Bollier| first=Jeff| newspaper=Green Bay Press-Gazette| date=January 16, 2019| access-date=January 17, 2019}}</ref> Shopko also announced the closure of another 105 of its 363 stores, including its original Military Ave. store in Green Bay.

On February 7, 2019, Shopko confirmed the closure of 251 stores or 70 percent of its locations closing in phases between March 2, 2019 and May 12, 2019.<ref name="250stores">{{cite news| last1=Bollier| first1=Jeff| title=Shopko store closures more than double, now exceed 250| url=https://www.greenbaypressgazette.com/story/money/2019/02/06/shopko-store-closures-now-exceed-250/2794537002/| newspaper=Green Bay Press-Gazette|date=February 6, 2019| access-date=February 8, 2019}}</ref> The list included 77 Shopko stores, 165 Hometown Values stores, both the 2 standalone pharmacies, and all 7 Express stores. Shopko will exit the states of California, Colorado, Indiana, Kansas, Kentucky, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Texas, Utah, and Washington.

On March 18, 2019, Shopko announced the closure of all remaining stores, after being unable to find a buyer for the chain. Liquidation sales ran through the summer.

On April 22, 2019, Shopko announced to employees that despite the fact that the company signed a contract for severance pay, only certain states would actually be paid. In April 2019, Monarch Alternative Capital LP purchased Shopko's optical operations for $8.5 million ({{Inflation|index=US-GDP|value=8500000|start_year=2019|r=-3|fmt=eq}}). The optical centers continued to operate inside the otherwise-shuttered store locations until smaller locations could be found.<ref name="optical">{{cite news| last1=Bollier| first1=Jeff| title=Shopko: 5 things consumers should know now that optical will survive company's bankruptcy| url=https://www.greenbaypressgazette.com/story/money/2019/04/18/shopko-bankruptcy-5-things-consumers-should-know-optical-sale/3497805002/| newspaper=Green Bay Press-Gazette| date=April 18, 2019| access-date=June 28, 2019}}</ref>

Several former Shopko locations have been repurposed. The former Shopko Hometowns in St Peter and New Prague, Minnesota have become [[Hy-Vee]] supermarkets.<ref>{{cite news| newspaper=[[The Free Press (Mankato)|The Free Press]]| title=Hy-Vee opening grocery in St. Peter Shopko building| url=https://www.mankatofreepress.com/news/local_news/hy-vee-opening-grocery-in-st-peter-shopko-building/article_72572262-8e01-11e9-9795-471f5634f934.html| access-date=2022-04-20| location=Mankato Minn| date=June 13, 2019| language=en| df=mdy-all}}</ref><ref>{{cite news| date=2020-04-09| title=Former Shopko to be converted| url=http://newpraguetimes.com/new-prague-times-montgomery-messenger/content/former-shopko-be-converted |access-date=2022-04-20| website=New Prague Times| language=en| df=mdy-all}}</ref> A former Shopko in [[Mankato, Minnesota]] was converted into a mixed-use space intended to house a restaurant, indoor ice rink, and indoor event center which opened in 2023.<ref>{{cite news| last=Jirik| first=Jackson| title='Pond on Madison' has something for everyone| url=https://www.keyc.com/2023/07/27/pond-madison-has-something-everyone/| access-date=November 24, 2024| work=[[KEYC-TV|KEYC News]]| date=July 27, 2023|   language=en}}</ref> Several former locations were bought by [[Hy-Vee]] and converted into their Dollar Fresh Market subsidiary.<ref>{{cite news| url=https://www.supermarketnews.com/retail-financial/more-dollar-fresh-locations-coming-hy-vee| title=More Dollar Fresh locations coming from Hy-Vee| first=Russell| last=Redman| date=January 27, 2020| website=Supermarket News| access-date=November 24, 2024}}</ref>