Could Shopko be filing for bankruptcy?

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.

Nikki Naik

Nikki Naik

Social Media and Digital Content Manager for KTTC TV nnaik@kttc.com | @nrnaik20

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