Bankruptcy / Closurecritical2019
๐ฌ
Shopko
Department Stores ยท owned by Sun Capital Partners
Shopko liquidated after Sun Capital stripped assets and extracted $50M dividend
Sun Capital executed the standard playbook: sale-leaseback, debt loading, fee extraction. All 360 stores across 26 states liquidated. 14,000 workers lost jobs.
Store count
Before
360 stores
โ
After
0 (liquidated)
Change
-100%
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