Some Pamida Stores To Close Instead Of Changing To Shopko

Date posted - January 25, 2012

Officials now say some Pamida stores will close as part of the merger with Shopko, but it’s still unclear how many, if any, will be shuttered. The merger is expected to close in mid-February.  There are currently Pamida stores in 30 Iowa cities, including Sheldon.

Shopko spokeswoman Tara Powers says the two companies have been linked in the past, but only behind the scenes.

She says they were really run as two separate organizations and they shared some back office functions but they were largely independent of one another. She says the companies are now truly merging together under the Shopko banner as one company, with one corporate office. While some company mergers are just done on a balance sheet, she says customers will see big changes at Pamida locations.

The Pamida name will be eliminated and most product lines changed.  <script language=”JavaScript” src=”http://www.kiwaradio.com/mp3/audio-player.js”></script><br><object type=”application/x-shockwave-flash” data=”http://www.kiwaradio.com/mp3/player.swf” id=”audioplayer1″ height=”24″ width=”220″><br><param name=”movie” value=”http://www.kiwaradio.com/mp3/player.swf”><br><param name=”FlashVars” value=”playerID=1&soundFile=http://www.kiwaradio.com/mp/ mkpam2.mp3″><br><param name=”quality” value=”high”><br><param name=”menu” value=”false”><br><param name=”wmode” value=”transparent”><br></object>

No changes are planned at any of the Shopko stores, but some $80-million will be invested over the next year to convert most of the 193 Pamida stores into Shopko Hometown stores this year. Combined, the new chain will have almost 350 stores in 22 states. Terms of the deal were not disclosed.

The merger is expected to close in mid-February. <script language=”JavaScript” src=”http://www.kiwaradio.com/mp3/audio-player.js”></script><br><object type=”application/x-shockwave-flash” data=”http://www.kiwaradio.com/mp3/player.swf” id=”audioplayer1″ height=”24″ width=”220″><br><param name=”movie” value=”http://www.kiwaradio.com/mp3/player.swf”><br><param name=”FlashVars” value=”playerID=1&soundFile=http://www.kiwaradio.com/mp3/mkpam3.mp3″><br><param name=”quality” value=”high”><br><param name=”menu” value=”false”><br><param name=”wmode” value=”transparent”><br></object>

There are currently Pamida stores in 30 Iowa cities: Albia, Audubon, Bloomfield, Chariton, Clarion, Corydon, Dyersville, Eldora, Estherville, Forest City, Glenwood, Greenfield, Harlan, Humboldt, Hampton, Ida Grove, Jefferson, Missouri Valley, Mount Ayr, New Hampton, Oelwein, Onowa, Osceola, Perry, Red Oak, Sheldon, Sigourney, Toledo, Waukon and Winterset.

By Scott Van Aartsen News Director

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