ASHWAUBENON -- The Wisconsin-based retail chain Shopko Stores has extended its list of store closures on Wednesday, Feb. 6 after filing for bankruptcy protection last month.
According to the list posted on Shopko's restructuring website, an additional 139 stores have been added to the already-lengthy list.
Below is an updated list of Shopko stores closing in Wisconsin:
A Shopko spokesperson said the company released the following statement on the added closures:
The company says excessive debt and ongoing competitive pressure are forcing it to seek protection from creditors. Shopko is reporting assets of less than $1 billion and liabilities of between $1 billion and $10 billion.
Shopko says it plans to continue operating through Chapter 11 reorganization after securing $480 million in financing from a group of lenders led by Wells Fargo Bank. The financing will allow Shopko to continue to pay employees, vendors and suppliers.
For a full list of store closures, CLICK HERE.