RIP Shopko (1962-2019). The Wisconsin-based regional retailer will close all of its remaining stores, with going out of business sales to begin immediately. is already shut down.

The complete chain closure is a swift collapse following a January filing for Chapter 11 bankruptcy protection. The company, which reported 360 locations in its initial filing, began closing 105 stores in late January, followed by an updated plan to shutter more than 70 percent of its stores last month. At the time, reps called the move a “second chance footprint,” intended to shrink the company to a lean number of around 100 stores to avoid total liquidation. The plan collapsed as the company failed to find a buyer.

“This is not the outcome that we had hoped for when we started our restructuring efforts,” said Shopko CEO Russ Steinhorst in a statement.

In a court filing yesterday, the Shopko closing list was updated to include all stores, with a complete wind-down expected by mid-June.

The toy industry effect is expected to be minimal, though as The Toy Book previously reported, Melissa & Doug and Hasbro made the list of the company’s top 30 unsecured creditors with $787,000 and $708,000 owed, respectively.

Companies and individuals seeking more information or to file a claim can visit the Shopko restructuring site or the case hub on Prime Clerk.

Sun Capital Partners Inc., a private investment firm focused on leverage buyouts, equity, debt, and other investments, owns Shopko. The firm acquired the company in a $1.2 billion leveraged buyout in 2005, followed by what was, at the time, the largest sale-leaseback of stores in retail history.

Shopko’s loss will be felt in the smaller, largely rural communities that it served — communities that may not attract a larger big box retailer, and already have smaller outlets such as Dollar General.

About the author

James Zahn

James Zahn

James Zahn, AKA The Rock Father, is Editor-in-Chief of The Toy Book, a Senior Editor at The Toy Insider and The Pop Insider, and Editor of The Toy Report, The Toy Book‘s weekly industry newsletter. As a pop culture and toy industry expert, Zahn has appeared as a panelist and guest at events including Comic-Con International: San Diego (SDCC) Wizard World Chicago, and the ASTRA Marketplace & Academy. Zahn has more than 30 years of experience in the entertainment, retail, and publishing industries, and is frequently called upon to offer expert commentary for publications such as Forbes, Marketwatch, the Wall Street Journal, the New York Times, USA Today, Reuters, the Washington Post, and more. James has appeared on History Channel’s Modern Marvels, was interviewed by Larry King and Anderson Cooper, and has been seen on Yahoo! Finance, CNN, CNBC, FOX Business, NBC, ABC, CBS, WGN, The CW, and more. Zahn joined the Adventure Media & Events family in 2016, initially serving as a member of the Parent Advisory Board after penning articles for the Netflix Stream Team, Fandango Family, PBS KIDS, Sprout Parents (now Universal Kids), PopSugar, and Chicago Parent. He eventually joined the company full time as a Senior Editor and moved up the ranks to Deputy Editor and Editor-in-Chief.