ROCHESTER, Minn. (FOX 47) – 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.