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Shopko to shutter 13 stores in Utah after filing for bankruptcy

Related Topics: Shopko, Bankruptcy, Retail, General Motors

The general product retailer Shopko will be closing more than 100 stores nationwide, including 13 in Utah, after filing for Chapter 11 bankruptcy protection on Wednesday.

Excess debt and ongoing competitive pressures prompted the move, the company said in a news release. The company was in the midst of closing more than 60 stores, according to CBS News, and added 38 more closures after its bankruptcy announcement.

A spokeswoman with the company did not respond to a request for comment on how many employees would be affected by the closures in Utah.

“This decision is a difficult, but necessary one,” Russ Steinhorst, the company’s chief executive officer, said in a news release.