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Shopko posts $30.02 million net loss for June 2 through July 6 period
By Caroline Salls
Pittsburgh, Aug. 1 – Shopko reported a $30.02 million net loss for the period of June 2 through July 6 on $62.87 million in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Nebraska.
In comparison, Shopko posted a $23.07 million net loss for the period of May 5 through June 1 on $110.23 million in sales.
The company had $14.1 million in cash and cash equivalents as of July 6, down from $30.07 million at June 1.
Shopko is a Green Bay, Wis., operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the United States. The company filed bankruptcy on Jan. 16 under Chapter 11 case number 19-80064.
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