ShopKo Stores, Inc. (has sold its three ShopKo stores located in Colorado (Ft. Collins, Longmont and Loveland) to Regency Realty Group, Inc. Merchandise in the stores will be liquidated and the stores closed in approximately 90 days.
“We want to thank our customers in Colorado for their loyal patronage, and our teammates for their hard work over the years,” said ShopKo chief financial officer and co-chief executive officer Brian Bender.
ShopKo executives say the sale of the three properties is not related to the announcement of the merger agreement signed in early April between ShopKo Stores, Inc., and a private equity investment firm. The company cited economic considerations as the reason for the closings. ShopKo originally opened the Longmont and Loveland stores in 1993 and the Ft. Collins store in 1994.