The Sheldon Pamida store will soon have a new name.
Shopko Stores and Pamida have just announced they will merge to create one of the largest US retailers focused on serving smaller and rural communities. The combined entity will have nearly 350 locations in 22 states, and plans for new store growth the second half of 2012 and beyond. Financial details of the merger, which is expected to close in in mid-February were not disclosed.
Company officials say that Pamida and Shopko are highly complimentary in terms of locations and communities served, as well as a shared focus on brand-name selection, personalized service, value, pharmacy services, and strong community involvement. They claim that customers will benefit from their combined resources, buying power, and merchandising expertise, which will also set a solid foundation for future growth.
There will be no change to Shopko stores, and approximately 80 million dollars will be invested over the next 12 months in the the conversion of most Pamida locations to the Shopko Hometown store concept and brand that Shopko has been using in smaller communities. While they are just now merging, Shopko actually acquired Pamida Holding Company in 1999.
By Scott Van Aartsen