Shopko To Take Over ALCO Building, Open in June 2015
Yesterday, March 30, 2015 Shopko announced that it will occupy the former ALCO store at 401 US Highway 24 South. As reported on Leadville Today on February 15, the Wisconsin-based retailer has been looking into its options and negotiating a deal for the retail space. Well, the transaction is complete and the opening date is scheduled for June 2015.
Back on Nov. 21, the Leadville store was one of 198 ALCO stores, in 23 states which took a hit when the Coppell, Texas, based-company declared bankruptcy on Oct. 12, 2014. Since then, there had been a slow, seeping liquidation sale that lasted through the holidays and into the new year. At least the building didn’t sit empty all winter!
Over the next several months, local residents will see some changes underway. The conversion to Shopko Hometown will include new interior and exterior signage, carpet, paint, updated and supplement fixtures and lighting and a new easy to shop store layout.
This new store will be part of the over 175 Shopko Hometown stores, making Shopko one of the nation’s largest retailers serving smaller communities.
“We’re excited to bring Shopko Hometown to Leadville,” said Peter McMahon, Shopko CEO.
“The Shopko Hometown store format, featuring our unique merchandising strategy and improved store design, is an ideal fit for the location with its exceptional service and community-minded approach. We understand that consumers in smaller towns are looking for value and convenience without having to travel outside the community. 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.”
The Shopko Hometown retail format, developed to augment Shopko’s larger store model and focused on serving the needs of smaller rural communities, provides 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.
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 320 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 133 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; 4 Shopko Pharmacy locations; and 178 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities. For more information, visit www.shopko.com.