This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

One Year After Announcing Planned Merger With Pamida, Shopko Completes Conversion Of All Pamida Stores

GREEN BAY, Wis., Jan. 31, 2013 /PRNewswire/ -- Shopko announced today it has completed the conversion of 163 Pamida stores making it one of the largest U.S. retailers focused on serving smaller and rural communities.  It was a year ago this month that Shopko and Pamida first announced their intent to merge the two companies and convert the existing Pamida locations to the Shopko Hometown store format. One year later, the conversion of the last group of Pamida stores is now complete with the final 36 stores celebrating their official grand openings as Shopko Hometown.

Shopko invested a total of $70 million into efforts to convert the Pamida stores to the Shopko Hometown format.  Today Shopko currently operates 176 Shopko Hometown stores, a significant jump from just 10 at this time last year.   The Shopko Hometown retail format offers a differentiated and financially successful merchandising strategy. Shopko Hometown combines pharmacy services with a broad and dynamic offering of strong national brands and high-value private label brands of apparel, toys, consumer electronics, seasonal items, and lawn and garden products – all in attractive, well laid out, easy-to-shop store formats that range from 15,000 to 35,000 square feet.

"2012 was a watershed year for Shopko as a result of the merger with Pamida which significantly increased our store count, employee base and overall revenue.  Our team did an exceptional job of integrating the two companies into one and staying on an aggressive schedule for the store conversion efforts.  All 163 stores were converted and opened on time," said Mike Bettiga, Shopko Interim CEO and Chief Operating Officer.  "As we move into 2013 and beyond, our focus is on solidifying the Shopko Hometown brand and opening more Hometown stores in new communities."

As part of a shared vision to support local communities, Shopko committed to continue the important work of the Pamida Foundation by giving back.  To this end, the Shopko Foundation donated $2,500 to the local high school in all 163 conversion markets as part of the grand opening celebration events, for a total contribution of more than $400,000

"We are proud to be a part of the local communities we're privileged to serve and will continue to support important causes and organizations.  We are so appreciative for the welcome we've received in every community from former Pamida customers who are excited about the change to Shopko Hometown," said Bettiga.  "They tell us they appreciate the broader merchandise selection, national brands, great values and commitment to excellent customer service, as well as the fresher, updated store format…all of which results in a great shopping experience."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs