Friday, August 16, 2019

Company Man explains the rise and demise of Shopko, a tale of the Retail Apocalypse

Earlier this week, Company Man asked The Decline of Shopko...What Happened?  It's a good opportunity to revisit Shopko liquidating, a tale of the Retail Apocalypse from another perspective.

In June of 2019, after more than 50 years of business, Shopko closed the last of its stores. This video talks about how they grew so big and theorizes what went wrong in the end.
I think Company Man did well with the sources he had — he's a good researcher — but he obviously didn't have personal experience with the chain the way Brick Immortar did, who cited "updating their identity with ever changing slogans, branding, store closures/remodels/acquisitions and also leadership."  However, he was able to get me to learn something of personal interest.  While I had never shopped at a Shopko, I had shopped at Pamida, who operated two locations near my old Irish Hills home, Brooklyn and Tecumseh.  I moved just before the sale and a year before the conversion of Pamida to Shopko Hometown, so I missed seeing the changeover.  Thanks to Company Man, the news finally caught up with me.

While the Retail Apocalypse rolls on, I plan on taking a break from it for a few days, as tomorrow is World Honey Bee Day and National Nonprofit Day, Sunday will be time for an entertainment feature about this year's Emmy nominees, I will examine July 2019 being the the hottest month on record while Greta Thunberg sails for New York, and Tuesday I expect to be updating On The Issues shows most of the Democratic candidates have moved left during the campaign, too.  The leftward drift continues.  Stay tuned.

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