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Shopko Properties Inc history
Shopko Properties Inc company history timeline
* March 1961: Green Bay Mayor Roman Denissen and Shopco Stores, led by Chicago pharmacist James Ruben and a group of investors, announce plans for a $1 million department store on Military Avenue.
* June 1970: Ruben announces plans for corporate headquarters on Ashland Avenue in Ashwaubenon.
* January 1971: New Ashwaubenon headquarters opens.
* August 1971: Company announces plans to start putting pharmacies in its stores.
* 1977: With 21 stores, ShopKo exceeds $100 million in sales.
* 1978: ShopKo opens its first optical center.
* 1981: Second expansion of Ashland Avenue headquarters.
* 1984: Company begins looking for new space for corporate offices; De Pere, Green Bay and out-of-state sites are under consideration.
* 1988: With 87 stores, the company exceeds $1 billion in sales.
* October 1991: In an initial public offering, ShopKo stock is offered at $15 a share.
* July 1997: Buy-back from SuperValu completed.
* May 1999: ShopKo announces it will buy the 147-store Pamida chain for $375 million.
* January 2001: ShopKo announces it will close 23 stores and cut 2,500 jobs, including 136 at corporate headquarters.
October 2005: ShopKo board of directors chooses Sun Capital Partners, which increased its offer to $29 a share.
* March 2008: ShopKo opens store in Suamico, its first new store in six years.
* May 2010: The retailer announces it will launch new Shopko Hometown stores.
* January 2013: Jill Soltau named president and chief merchandising officer.
* July 2017: Chief financial officer Russ Steinhorst named interim CEO and board member
* June 16, 2019: The last Shopko stores will close their doors following the end of liquidation sales.
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Shopko Properties Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sav Inc | - | - | - | - |
| Navarro Discount Pharmacy | 1940 | $350.0M | 80,000 | - |
| Sunshine Ace Hardware | 1958 | $31.0M | 350 | 14 |
| True Value | 1948 | $1.5B | 2,500 | 2 |
| Eastern Outfitters LLC | 2016 | $3.3M | 20 | - |
| Bartell Drugs | 1890 | $530.0M | 1,600 | - |
| Red Hed Oil Co | - | $1.6M | 13 | - |
| Discount Drug Mart | 1969 | $750.0M | 1,100 | - |
| Meadows Farms Nursery & Landscaping | 1960 | $900,000 | 25 | - |
| Pamida | 1963 | $15.0M | 202 | - |
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