A Shopko Hometown store in Ellsworth will close in May, but the retailer’s other locations in and around the Chippewa Valley are currently expected to stay open.
The company headquartered in the Green Bay area posted a new, longer list on its website this week of stores set to close as part of its restructuring.
The store closing list now has 251 locations — a mix of its large stores, smaller ones and stand-alone pharmacies — up significantly from 40 first announced in December and 38 added last month.
While the smaller Ellsworth store is among those that will be closing by mid-May, Shopko also released a separate list of “go forward” locations.
There are 120 stores and four freestanding Shopko Optical locations that will continue, based on that second list.
Among those are big-box Shopko stores in Eau Claire, Lake Hallie, Rice Lake and River Falls and smaller Shopko Hometown stores in Stanley, Arcadia, Neillsville and Abbotsford.
The retailer filed for Chapter 11 bankruptcy protection during January in Nebraska, which allows the company to restructure to remain viable and pay off debts.
The company’s filing indicated it has assets of less than $1 billion, but liabilities between $1 billion and $10 billion. It is continuing to operate with the help of $480 million in financing from lenders led by Wells Fargo Bank, allowing it to pay employees, vendors and suppliers.