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 | nnaik@kttc.com | @nrnaik20

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