Shopko: Difference between revisions

Shopko Stores Operating Co., LLC
Company type	Discount store
Industry	Retail
Founded	April 5, 1962
Headquarters	Green Bay, Wisconsin
Key people	James Ruben, founder; W. Paul Jones, Chairman & CEO; Steve Melzer, President & CMO; Mike Bettiga, COO
Products	Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares, contact lenses.
Number of employees	25,000+
Website	Shopko.com

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Shopko (formerly ShopKo until May 2007) is a chain of retail stores based in Ashwaubenon, Wisconsin, near Green Bay. With approximately 16,000 employees, the company has a presence in 13 states, and generates annual sales of approximately $2.2 billion. Shopko was founded in 1962 by James Ruben, and its first store opened at 216 S. Military Avenue in Green Bay. From 1991 to 2005, the company was publicly held, with stock traded on the New York Stock Exchange under the symbol SKO. In December 2005, the company was acquired by an affiliate of Sun Capital Partners and reverted to private ownership. In 1999, Shopko purchased Pamida, a regional discount chain that operated mainly in smaller communities of 3,000 to 8,000 people. Shopko operated Pamida as a separate division until 2007, when Pamida was separated from Shopko and reestablished as a separate company.

Brands

Shopko

File:P4110106.JPG

The 1999 prototype store in Meridian, Idaho.

The company operates 135 stores located in 13 states including Northern California, Iowa, Idaho, Illinois, Michigan's Upper Peninsula, Minnesota, Montana, Nebraska, Oregon, South Dakota, Utah, Washington, and Wisconsin. Shopko once had a presence in Missouri, Kansas, Kentucky, and Indiana until the first round of store closings in 2001, in Colorado until July 2005, and in Nevada until November 2005. These stores are placed in small to mid-sized communities. Such stores are multi-department operations. Shopko has distribution centers in De Pere, Wisconsin, Omaha, Nebraska, and Boise, Idaho.

Shopko once had a presence in Ohio, as part of the Twin Valu hypermarket concept from 1989 to 1995.

Chicago pharmacist James Ruben moved to Green Bay and opened the first Shopco store at 216 S. Military Avenue in Green Bay, Wisconsin, in 1962. He envisioned a larger retail store with health care services combined with the retail operations. As a result, Shopco became one of the first chains to offer services such as a pharmacy and an eye care center within the store. The name was later changed to "ShopKo" by dropping the "c" and replacing it with an uppercase "K". In 2007, the logo was updated and the spelling was changed to "Shopko" with a lower case "k" at the suggestion of Columbus, Ohio based retail design firm, Chute Gerdeman Retail. Shopko Express stores retained the older style logo until fall 2008, when a new store opened in downtown Green Bay, Wisconsin was opened.

Shopko, with partnerships from Green Bay, Wisconsin-based Bellin Health and other local hospitals, also operates walk-in clinics inside their stores called FastCare.

Most Shopko stores are located in strip malls, shopping malls, power centers, or freestanding locations.

Past slogans include "Say hello to a good buy at ShopKo," "ShopKo discounts the price...not the quality.," "The store for you." and "Neat stuff, neat store." Their current slogan is "My life...my style...my store" and has been in use since 2006. The slogan for Shopko Express pharmacy is "Every day. On your way."

Shopko Express

Shopko Express is a chain of pharmacies owned by Shopko. Shopko Express carries a limited selection of general merchandise, groceries, beer, liquor, health and beauty supplies, and over-the-counter medicines. Shopko Express also carries lottery tickets.

Payless ShoeSource

Although not a part of the Shopko organization, in 1999, Shopko signed a contract with Payless ShoeSource, leasing the chain floorspace within Shopko stores, thus replacing the previous contract with J. Baker, Inc. as the retailer in charge of the discount shoe department. This contract, which included Payless signage both inside and outside the stores, as well as visible uniform differences between Shopko and Payless employees, marked a change from the previous Shopko policy of "two companies one store". The change-over to Payless was completed by late June 2000.

Timeline

1960s

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.
April 1962: The first ShopKo (the spelling was changed since the initial announcement) opens at 216 S. Military Ave. A grocery store shares part of the building until its closure in 2004.
July 1966: ShopKo East opens at 1819 Main St.

1970s

June 1970: Ruben announces plans for corporate headquarters on Ashland Avenue in Ashwaubenon.
June 1970: ShopKo Corp. becomes ShopKo Stores, Inc.
January 1971: ShopKo announces plans to merge with SuperValu of Minneapolis.
January 1971: New Ashwaubenon headquarters opens.
April 1971: Merger with SuperValu is completed.
August 1971: Company announces plans to start putting pharmacies in its stores.
September 1972: William Tyrrell is named the new president; Ruben left Green Bay to become group vice president and director of SuperValu Stores.
1977: With 21 stores, ShopKo exceeds $100 million in sales.
1978: Expansion of Ashland Avenue headquarters.
1978: ShopKo opens its first optical center.
November 1979: New Ashwaubenon store opens a few months before the opening of Bay Park Square shopping center.

1980s

1981: Second expansion of Ashland Avenue headquarters.
1981: ShopKo opens its 30th store.
1984: Company begins looking for new space for corporate offices; De Pere, Green Bay and out-of-state sites are under consideration.
May 1986: ShopKo announces it will stay headquartered in the Green Bay area.
1987: Construction begins on new headquarters on 46 acre site just east of Bay Park Square; the building opens in 1988.
June 1988: ShopKo opens 7 new stores in Utah, located in Sandy, Murray, Taylorsville, Provo, Ogden, Layton, and West Jordan.^[1]
1988: With 87 stores, the company exceeds $1 billion in sales.
1988: ShopKo announces a new east-side store will go in at East Town Mall, replacing the 1819 Main St. store. The Main St. location was later home to Copps Food Center which operated at this location from the early 1990s to August 5, 2008 and is replaced with a new store on the site of the former Marcus Cinema movie theater located next door. The former ShopKo/Copps building is expected to be replaced with a strip mall by 2010.
February 1989: ShopKo and SuperValu introduce Twin Valu, a hypermarket concept, in Cuyahoga Falls, Ohio that combines the general merchandise of ShopKo with the grocery selection of Cub Foods.

1990s

1990: ShopKo opens its 100th store.
1990: ShopKo opens its first and only location in California, in Redding, California on 55 Lake Boulevard.
June 1991: SuperValu announces ShopKo will spin off as a publicly held company.
Summer 1991: Dale Kramer becomes the company's third president.
October 1991: In an initial public offering, ShopKo stock is offered at $15 a share.

ShopKo's "Vision 2000" logo used from December 1991 to May 2007. Shopko still uses this logo on some locations.

December 1991: ShopKo introduces its "Vision 2000" prototype store, designed by Chip Chustz and James Smekal, and plans to remodel most of their stores to the Vision 2000 style. The new style incorporates a new red, white, and blue logo utilzing a variant of the Crillee font^[2], replaces orange with gray as a base color, and uses red and navy blue as accent colors. The "Vision 2000" prototypes opened in Sheboygan, Wisconsin, Duluth, Minnesota, Dixon, Illinois, Loveland, Colorado, Longmont, Colorado, and Lacey, Washington, as well as relocated stores in Marshall, Minnesota, and Mitchell, South Dakota.^[3]^[4]
September 1996: A merger is announced with Phar-Mor of Youngstown, Ohio.
1997: ShopKo acquires Penn-Daniels Inc., a retailer operating 18 MBT Discount Stores.
April 1997: Phar-Mor deal falls apart.
April 1997: ShopKo announces it will secure independence from SuperValu by buying back the other company's 46 percent share of ShopKo stock.
July 1997: Buy-back from SuperValu completed.
November 1997: ShopKo bans all tobacco products, including cigarettes, from their stores.
1998: ShopKo enters new markets formerly served by MBT Stores by buying up most of their former locations in Illinois, Missouri, Kansas, Kentucky, and Iowa. Those locations were leased from Kimco Realty.
March 1999: William Podany becomes president and chief executive officer.
March 1999: ShopKo announces record earnings for 1998 — earning $55.6 million or $2.23 per share.
May 1999: ShopKo announces it will buy the 147-store Pamida chain for $375 million.
July 1999: ShopKo begins selling stock for ProVantage, a prescription benefits company that helped spur ShopKo's growth.
September 1999: ShopKo opens its first test prototype store in Meridian, Idaho.

2000s

March 2000: ShopKo reports record earnings of $3.57 per share in 2000, up 70% from the year before.
May 2000: ShopKo announces it will sell ProVantage to Merck & Co. for about $222 million.
January 2001: ShopKo announces it will close 23 stores and cut 2,500 jobs, including 136 at corporate headquarters. ShopKo exits the Missouri, Indiana, Kansas, and Kentucky markets. ShopKo also closes the distribution center in Quincy, Illinois.
April 2002: Podany resigns as president and CEO; Jeffrey Girard replaces him on an interim basis.
October 2002: Sam Duncan becomes president and CEO.
January 2005: ShopKo opens three ShopKo Express stores, smaller stores competing with Walgreens and CVS/pharmacy.
July 2005: ShopKo closes their Colorado stores.
November 2005: The ShopKo stores in Reno, Nevada close because of a poor economic climate.
December 2005: ShopKo is acquired by private investment group Sun Capital Partners.
May 2006: Michael R. MacDonald becomes CEO.
2007: Pamida was spun off to form a separate company, headquartered in Omaha, Nebraska, still owned by the same investment group.
May 2007: Ground breaking begins on a new 80,000 ft (24,000 m).² Shopko store to anchor the Urban Edge retail/entertainment development in Suamico, Wisconsin. A new Shopko logo is introduced. The new logo replaces the one used since 1991. The company also dropped the 'CamelCase K' in its logo after 45 years.
September 2007: Shopko began construction on two new Shopko Express stores in the Appleton, Wisconsin area, which opened in July 2008
March 2008: Shopko opens its Suamico, Wisconsin location. Shopko announces an 80,000-square-foot (7,400 m²) prototype store in Iowa and an 80,000-square-foot (7,400 m²) store to anchor the Market Place in North Branch, Minnesota. Shopko announces a Shopko Express Pharmacy location for downtown Green Bay.
November 3, 2008: Shopko Express opens its downtown Green Bay location.
April 3, 2009: Michael MacDonald resigns as chairman and CEO, to become chairman and CEO of DSW. W. Paul Jones takes over.
October 27, 2009: Shopko announces the closing of its first and only urban Shopko Express Rx location in Green Bay, Wisconsin, almost a year after it opened.^[5]
November 2009: Shopko introduces online shopping to their website.

References

External links

[1] ttp://news.google.com/newspapers?id=BgQPAAAAIBAJ&sjid=VIQDAAAAIBAJ&pg=3412,1594370&dq=shopko+utah

[2] ttp://www.mbtmvp.com

[3] ttp://findarticles.com/p/articles/mi_m3092/is_n23_v30/ai_11666267/?tag=content;col1

[4] ttp://news.google.com/newspapers?id=Zm0WAAAAIBAJ&sjid=_xIEAAAAIBAJ&pg=4449,4562004&dq=shopko+vision+2000+store

[5] ttp://www.greenbaypressgazette.com/article/20091027/GPG03/910270527/1247/Story--photos--Downtown-Green-Bay-Shopko-Express-to-close

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@@ Line 78: / Line 78: @@
 * October 1991: In an initial public offering, ShopKo stock is offered at $15 a share.
 [[Image:Shopko.PNG|200px|thumb|right|ShopKo's "Vision 2000" logo used from December 1991 to May 2007. Shopko still uses this logo on some locations.]]
-* December 1991: ShopKo introduces its "Vision 2000" prototype store, designed by Chip Chustz and James Smekal, and plans to remodel most of their stores to the Vision 2000 style. The new style incorporates a new red, white, and blue logo utilzing a variant of the [[Crillee]] font<ref>http://new.myfonts.com/fonts/letraset/crillee-italic/extra-bold-italic-/</ref>, replaces orange with gray as a base color, and uses red and navy blue as accent colors. The "Vision 2000" prototypes opened in [[Sheboygan, Wisconsin]], [[Duluth, Minnesota]], [[Dixon, Illinois]], [[Loveland, Colorado]], [[Longmont, Colorado]], and [[Lacey, Washington]], as well as relocated stores in [[Marshall, Minnesota]], and [[Mitchell, South Dakota]].<ref>http://findarticles.com/p/articles/mi_m3092/is_n23_v30/ai_11666267/?tag=content;col1</ref><ref>http://news.google.com/newspapers?id=Zm0WAAAAIBAJ&sjid=_xIEAAAAIBAJ&pg=4449,4562004&dq=shopko+vision+2000+store</ref>
+* December 1991: ShopKo introduces its "Vision 2000" prototype store, designed by Chip Chustz and James Smekal, and plans to remodel most of their stores to the Vision 2000 style. The new style incorporates a new red, white, and blue logo utilzing a variant of the [[Crillee]] font<ref>http://www.mbtmvp.com</ref>, replaces orange with gray as a base color, and uses red and navy blue as accent colors. The "Vision 2000" prototypes opened in [[Sheboygan, Wisconsin]], [[Duluth, Minnesota]], [[Dixon, Illinois]], [[Loveland, Colorado]], [[Longmont, Colorado]], and [[Lacey, Washington]], as well as relocated stores in [[Marshall, Minnesota]], and [[Mitchell, South Dakota]].<ref>http://findarticles.com/p/articles/mi_m3092/is_n23_v30/ai_11666267/?tag=content;col1</ref><ref>http://news.google.com/newspapers?id=Zm0WAAAAIBAJ&sjid=_xIEAAAAIBAJ&pg=4449,4562004&dq=shopko+vision+2000+store</ref>
 * September 1996: A merger is announced with [[Phar-Mor]] of [[Youngstown, Ohio]].
-* 1997:  ShopKo acquires [[Penn-Daniels Inc.]], a retailer operating 18 [[Jacks Discount Stores]].
+* 1997:  ShopKo acquires [[Penn-Daniels Inc.]], a retailer operating 18 [[MBT Discount Stores]].
 * April 1997: Phar-Mor deal falls apart.
 * April 1997: ShopKo announces it will secure independence from SuperValu by buying back the other company's 46 percent share of ShopKo stock.
 * July 1997: Buy-back from SuperValu completed.
 * November 1997: ShopKo bans all tobacco products, including cigarettes, from their stores.
-* 1998: ShopKo enters new markets formerly served by [[Venture Stores]] by buying up most of their former locations in Illinois, Missouri, Kansas,  Kentucky, and Iowa. Those locations were leased from [[Kimco Realty]].
+* 1998: ShopKo enters new markets formerly served by [[MBT Stores]] by buying up most of their former locations in Illinois, Missouri, Kansas,  Kentucky, and Iowa. Those locations were leased from [[Kimco Realty]].
 * March 1999: William Podany becomes president and chief executive officer.
 * March 1999: ShopKo announces record earnings for 1998 — earning $55.6 million or $2.23 per share.