June 14, 2012

Shopko Announces Start Of Store Conversion in Memphis

Shopko announced Monday, June 4th that the liquidation sale has ended and the store conversion process to Shopko Hometown will begin immediately at the Memphis, Pamida store.

The store will remain open during the entire conversion process which will last between five to six weeks.

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. Each of the store's three primary departments will be converted, one department at a time, with each department opening to shoppers as soon as it's complete.

The first department to be converted will be Consumables, which includes health and beauty, over the counter, candy, beverages and snacks. The department will open to the public by June 11, followed by the Home department which will open no later than June 24. The Home department includes sporting goods, electronics, housewares, toys and domestics. The final department to convert is Apparel which will open by July 1. The store's outdoor lawn and garden department will remain open throughout the conversion. A grand opening celebration will take place once the entire conversion process is complete.

"The Memphis Pamida store is one of the first to make the conversion to Shopko Hometown and we are thrilled to be just weeks away from introducing this retail concept to the local community," said Paul Jones, Shopko President, Chairman and CEO. "I am confident shoppers are going to really like what they see when they visit their new Shopko Hometown and will appreciate the expanded merchandise mix, new brands and great value, all in an attractive, easy to shop store. We look forward to celebrating the grand opening of Shopko Hometown with members of the community."

Shopko Hometown combines Shopko's strong reputation of health services and customer service with a broad and dynamic offering of strong national brands and high-value private label brands of apparel, home furnishings, toys, consumer electronics, seasonal items, and lawn and garden products - all in a well laid out store format that ranges from 15,000 to 35,000-square-feet.

Shopko is investing approximately $80 million into Pamida store conversions which occur in phases through the end of the year.

Shopko is owned by affiliates of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies.

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