NORTH PLATTE, Neb. (KNOP) - Shopko has announced plans to close its remaining stores by June.
Documents filed Monday in U.S. Bankruptcy Court show the remaining stores will close by June 16.
The store announced that it was unable to find a buyer for its "go-forward business."
"As a result, Shopko will commence an orderly wind-down of its retail operations beginning this week. Further, the Company is evaluating strategic options for its optical business," reads a statement from Shopko.
The Ashwaubenon, Wisconsin-based retailer announced in February that it would close 70 percent of its stores after filing for Chapter 11 bankruptcy protection. Those stores were expected to close by May. Nearly 800 employees will lose jobs.
It's unclear how many jobs will be lost when the remaining stores close.
Shopko is moving forward with an auction. Gordon Brothers will oversee the liquidation process. That will be wrapped up in 10-12 weeks, according to Shopko.
"This is not the outcome that we had hoped for when we started our restructuring efforts," said Russ Steinhorst, Chief Executive Officer. "We want to thank all of our teammates for their hard work and dedication during their time at Shopko."