Shopko closing 39 stores

SamSpade
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Re: Shopko closing 39 stores

Post by SamSpade » January 13th, 2019, 9:51 pm

Interesting footnote - Could some of ShopKo's troubles be from last year's Payless bankruptcy?
Payless runs leased shoe departments in stores and may have broken some of those leases in their chapter 11 filing?

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Re: Shopko closing 39 stores

Post by Super S » January 14th, 2019, 3:03 pm


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Re: Shopko closing 39 stores

Post by Super S » January 14th, 2019, 8:09 pm

Shopko also has added Lacey, WA to the list, apparently last month:

https://www.theolympian.com/news/local/ ... 20030.html

This location has not looked well for years.

There seems to be quite a few locations being added to the closing list.

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Re: Shopko closing 39 stores

Post by storewanderer » January 14th, 2019, 10:35 pm

This does not seem to be a good situation. And tomorrow is the 15th. We will see what happens. I guess I need to go visit Redding.

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Re: Shopko closing 39 stores

Post by Super S » January 15th, 2019, 9:13 am

Now a Shopko in Yakima:

https://www.yakimaherald.com/news/busin ... 7b99f.html

I am starting to wonder if Shopko is going to exit the WA/OR/ID/CA markets, and close the distribution center in Boise. Shopko didn't have a big presence to begin with, and when stores are gone from a region, it is pointless to operate a distribution center in the region.

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