Could Shopko be filing for bankruptcy?

ROCHESTER, Minn. (KTTC) – After a run-in with a pharmaceutical company, Rochester could be saying goodbye to Shopko stores for good.

The Wisconsin-based retailer may headed towards bankruptcy. That’s according to a pharmaceutical drug supplier that sells to Shopko.

McKesson Corporation said it supplied Shopko with $67 million in drugs since Nov., but has not been paid since early Dec.

According to the Green Bay Press Gazette, after a hearing held on Monday, Shopko is expected to file for bankruptcy on Jan. 15.

The drug company wanted to file a court order to prevent Shopko from selling those medicines, but a judge denied the request.

Yet, this is not the first time we’re hearing about Shopko going under. In 2018, 22 Shopko pharmacies announced that they were closing and that Hy-Vee business were acquiring those customers.

Shopko’s parent company has yet to comment on the company’s future.

KTTC Staff

KTTC Staff

Top Stories

KTTC WEATHER AUTHORITY
Rochester
31°
Mason City
33°
Albert Lea
72°
Decorah
Austin
36°
Winona
59°
Connect with KTTC
Top Stories
Scroll to top
Skip to content