Retailer Shopko announced Monday that all of its stores — including its Eau Claire and Lake Hallie locations — will be closed by mid-June.
A filing submitted Monday to the U.S. Bankruptcy Court for the District of Nebraska stated that its 120 stores not previously slated for closure would be added to the list of those being liquidated.
“This is not the outcome that we had hoped for when we started our restructuring efforts,” Shopko CEO Russ Steinhorst said in a news release. “We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”
The newest additions to the closing list included Eau Claire, Lake Hallie, River Falls, Rice Lake, Stanley, Neillsville and Arcadia stores. They are set to close by June 16, according to the court filing.
Previously in its Chapter 11 bankruptcy proceedings, the company had listed 251 stores slated for closure. But 150 locations had been listed in early February as "go-forward" stores — including most of the Chippewa Valley ones — indicating the company intended to keep them open through restructuring.
However, the company's news release today stated it has been unable to find buyers for it's "go-forward" business and canceled an auction that had been scheduled this week.
Gordon Brothers has been named to oversee the liquidation process, which is expected to finish within three months.