(WGEM) — Shopko, which operates a store at 3200 Broadway St. in Quincy, 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 Jan. 15.
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 5 Shopko Express stores.
A call placed by WGEM News to Shopko’s corporate headquarters was not returned.