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Shopko Stores: Companies
built 630 days ago
Rather than be a jack-of-all-retailing-trades across the country, ShopKo Stores is content to concentrate on a limited product range in a few regions of the US. The company operates about 130 ShopKo discount stores and several ShopKo Express Rx outlets in about a dozen states throughout the Midwest, Mountain, and Pacific Northwest regions. Instead of offering a watered-down selection of many retail categories, it focuses on popular, higher-margin categories such as casual apparel, health and beauty items, and housewares. Most ShopKo stores have optical centers and pharmacies. The company was taken private in 2005 by an affiliate of private investment firm Sun Capital Partners.
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ShopKo Stores Inc. to open a store in Sussex next fall, one of three the company plans for 2008. The new stores are the first for ShopKo in six years. The Sussex store will be built next to the Kohl's Department Store on Highway 164 at W. Silver Spring Drive as part of the same development. Groundbreaking is planned in about 30 days. It will open a store in Suamico, near Green Bay, in spring 2008, and another in North Branch, Minn., in fall. All three will have a new look, using ShopKo's 80,000-square-foot prototype, which includes open sight lines across the store, a racetrack floor plan, and updated colors, fixtures and lighting.
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While the merchandise mix for the new stores will be similar to other Shopko Express stores, the new store design and assortment includes changes in response to customer feedback. The company expects that the College Avenue location will include an optical center and a Bellin FastCare Clinic.
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Datamonitor's ShopKo Stores, Inc. Company Profile is the essential source for top-level company data and information. The report examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.
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Recent history: In 1991, ShopKo Stores Inc. became a publicly held company with stock traded on the New York Stock Exchange under the ticker symbol "SKO." In December 2005, the company went private when it was purchased by private investment firm Sun Capital Partners Inc.
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That year, ShopKo acquired Pamida, a chain of 148 discount stores. Podany characterized the retailer as "a 20th century version of the general store," with everything from milk to hunting and fishing gear. A key to the Pamida concept was its presence in rural markets, often towns of 10,000 people or less and not coincidentally, far from a Wal-Mart, Target, or Kmart. ShopKo envisioned an aggressive expansion of the chain to 500 stores nationwide. To that end, the parent company acquired PM Places' 49 units in 1999 and converted them to Pamida stores.
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