Shopko Announces Plans For Two New Hometown Stores
GREEN BAY, Wis., Dec. 12, 2013 /PRNewswire/ -- Today Shopko announced plans to open two new Shopko Hometown stores. The stores, located in Mayville, Wisconsin and Valentine, Nebraska are expected to open in spring 2014.
The Shopko Hometown retail format, developed to augment Shopko's larger store model and focused on serving the needs of smaller rural communities, combines retail health services with a broad and dynamic offering of strong national brands and high-value private label brands of apparel, home furnishings, toys, consumer electronics, seasonal items, every day consumable items and lawn and garden products – all in an attractive, well laid out, easy-to-shop store format.
"We're excited to bring Shopko Hometown to these great communities," said Peter McMahon, Shopko CEO. "We understand that consumers in smaller towns are looking for the same variety of high quality goods and trend right merchandise that can be found in larger cities. Customers of our Hometown stores tell us they appreciate the vastly improved shopping experience and access to a broad, differentiated selection of merchandise, including products and brands previously not available in their community." These two new stores will be part of the over 180 Shopko Hometown stores, making Shopko one of the nation's largest retailers serving smaller communities.
"With our best-in-class pharmacy services, focus on excellent customer service and strong commitment to support the local community, we are confident that Shopko Hometown will be well received by customers in these areas," said McMahon.
The Shopko Hometown in Mayville, Wisconsin will be approximately 36,000 square feet and be located at 2050 Horicon Street.
The Shopko Hometown in Valentine, Nebraska will be approximately 36,000 square feet and be located at 525 E. Highway 20. The current Valentine Shopko Pharmacy located at 272 North Main will move into the new store.
The grand openings are planned for May 2014.
Shopko is owned by an affiliate of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies.
Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $3 billion retailer that operates 326 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 134 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept; 6 Shopko Pharmacy locations; and 181 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities. For more information, visit www.shopko.com.
About Sun Capital Partners
Sun Capital Partners, Inc. is a pioneer in private investing, uniquely combining the financial skills and other resources of a traditional private equity firm with the insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from its in-house operating professionals, resources and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, visit www.SunCapPart.com.