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Department store chain Shopko to close 3 more stores in Minnesota

The company filed for bankruptcy on Thursday.

Wisconsin department store chain Shopko is filing for bankruptcy and will be closing 3 more stores in Minnesota.

The retailer had already announced the closure of its Paynesville and Mahnomen Shopko Hometown stores in December as part of a wider cull of 39 stores.

Those stores are now joined by the Shopkos in Rochester and Fairmont, and the Shopko Hometown in Warroad.

In total, the Green Bay-based retailer is shutting 105 stores that it identified as being underperforming, or only marginally profitable.

The company currently has 37 Shopko and Shopko Hometown stores in Minnesota, all of which are outside the Twin Cities, with the closest location to the metro found in North Branch.

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The Green Bay Press Gazette reports that the company is giving itself until April 15 to meet the conditions required to emerge from bankruptcy as a smaller company.

After Shopko opened its first store in 1962, the retailer was bought by Minneapolis-based SuperValu Stores nine years later, and stayed under its ownership until 1991, when it was spun off into a publicly-traded company, the newspaper notes.

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