ShopKo November Comps Decrease 4.8%

ShopKo Stores, Inc. reported consolidated sales for the four weeks ended November 27, 2004 decreased 4.9% to $272.8 million from $286.8 million during the same period last year. Consolidated comparable store sales decreased 4.8%.

           Sales Summary by Business Segment (dollars in millions)

     Retail Segments              Period Ended               % Change
     4 Weeks:                        11/27/04          Total**       Comp*
       ShopKo                         $200.9            (6.6)%      (6.4)%
       Pamida                           71.9             0.2         0.0
       Total Retail                   $272.8            (4.9)%      (4.8)%

     43 Weeks:
       ShopKo                       $1,875.6             0.1%        0.4%
       Pamida                          654.2             1.4         1.4
       Total Retail                 $2,529.8             0.5%        0.6%


     *  Comparable store sales represent sales of those stores open during
        both fiscal years and do not include sales from the ShopKo wholesale
        optical lab.

     ** ShopKo division total sales variance reflects sales from one closed
        ShopKo location in fiscal 2004 and one new ShopKo Express location.
        Pamida division total sales variance reflects sales in the prior year
        periods from seven locations which have been closed and not replaced,
        and two new Pamida locations opened in fiscal 2003.  Sales variance
        also reflects sales from five closed Pamida locations and seven new
        locations in fiscal 2004.

Consolidated comparable store sales are expected to be positive low single digits for the month of December, and flat for the fourth quarter.

The company’s diluted earnings per share guidance remains unchanged for the fourth quarter at $1.06 to $1.16, however the company continues to maintain a cautious outlook for the remainder of the year.