Shopko announced March 18 it would close its remaining stores. Jeff Bollier and Karl Ebert, Green Bay Press-Gazette
GREEN BAY – An auction of Shopko’s optical business this weekend could save as many as 700 jobs.
In a bankruptcy court filing, the Ashwaubenon-based retailer on Wednesday said selling the optical business now, as the company has pivoted from reorganization to liquidation, would be a “tremendous achievement.”
Its filings indicate the company is in “advanced negotiations with multiple potential bidders.” An auction would be the only way to “realize the full value of the optical business,” the company said.
Shopko sold its pharmacy business in late 2018 and early 2019, and has been seeking a buyer for the optical