UPDATE: A list of stores that will be closing is now available here.
Quincy (WGEM) Shopko, which, operates a store at 3200 Broadway in Quincy, announced Wednesday that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.
In a new release, the companystated it is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in the U.S. Bankruptcy Court for the District of Nebraska.
The release states that during the restructuring process, Shopko will continue to operate and serve its customers, vendors, partners, and employees.
The company stated it has ob…
Read the full article at: https://wgem.com/2019/01/16/shopko-files-for-bankruptcy/