Sheldon’s Shopko to Remain Open

Sheldon, Iowa — Shopko has filed for bankruptcy protection, but the local Sheldon Shopko isn’t going anywhere anytime soon. That’s the message we were given by Shopko officials.

Besides the Sheldon store, other Shopko Hometown locations in our wider area that appear to be remaining open include the stores in Emmetsburg, Iowa; Luverne, Pipestone, and Windom, Minnesota; and Madison, South Dakota. There are three stores slated for closing in the area. Those include the Dell Rapids, SD and Cherokee, Iowa locations, which are slated to close by March 3rd, and the one in Estherville, which is to close around April 8th.

While management at the Sheldon location told us that they were advised not to speak with “the media,” they did direct us to a corporate source which included the locations of the stores that are to close, and Sheldon is not on that list. The information states that Shopko and its subsidiaries filed “voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.” It goes on to say, “This announcement is an important step towards protecting our future and ensuring our ability to continue delivering the high-quality products and services that our customers are accustomed to receiving.”

Information provided by corporate also states that the continuing stores remain open for business, stocked with the products to which shoppers are accustomed. Shopko says their return policies, warranties, gift cards, merchandise credits, sales, and loyalty programs continue as usual.

The statement from Shopko corporate telling about their filing for Chapter 11 bankruptcy protection cites difficult business trends for retailers over the past few years. They say the actions they are taking are intended to give the company additional time and financial flexibility to evaluate options for their business, “including a possible sale of the Company or certain of our assets, while we continue to engage in constructive discussions with potential investors and our debtholders on a financial restructuring plan.”

Again, the Sheldon store is NOT on the closure list. They tell us that for more information, you can visit info.shopko.com.

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