Shopko, Pamida merger finalized

2012-03-06T03:30:00Z Shopko, Pamida merger finalized Rapid City Journal
March 06, 2012 3:30 am

Conversion plans announced for Pamida sites

GREEN BAY, Wis. and OMAHA, Neb. –The merger between two of the nation’s leading Midwest-based general merchandise retail chains, Shopko and Pamida, is now complete, in a joint press release issued on Thursday morning.

The merger creates one of the largest U.S. retailers, focused on serving smaller, rural communities. Financial details of the merger were not disclosed.

Shopko will be headquartered in Green Bay and Pamida’s corporate headquarters in Omaha will be consolidated into the Green Bay office over the next several months. Shopko President, Chairman and CEO W. Paul Jones will retain his position, providing leadership for the combined company. Pamida CEO John Harlow will serve on the leadership team and help direct the integration process.

Shopko also announced the conversion plans for Pamida stores. The company announced that the Pamida stores will be converted to the Shopko Hometown store format by the end of 2012.

As part of the continual review process, the company has identified six stores that will not go through conversion and will be closed in August, none of which are in South Dakota, Wyoming or Nebraska.

Hot Springs Pamida store manager Tom Naasz said that he believes the company will group stores together during the conversion process, to make the operation go smoother. He added that he expects the change to take place at the Hot Springs store sometime later this summer.

Shopko announced approximately $80 million will be invested into Pamida store conversions which will begin in June and occur in phases through the end of the year. Each individual store conversion will take approximately 5-6 weeks from start to finish and will include new interior and exterior signage, updated supplemented fixtures, improved store design and layout, as well as an expanded merchandise mix.

“We’re eager to get the Pamida store conversion process underway and start to bring Shopko Hometown to more communities,” said Jones. “Over the past two years, seven Pamida stores have already been successfully transitioned to the Shopko Hometown format. We’ve received overwhelmingly positive feedback from customers in these communities who tell us they appreciate the improved shopping experience and access to a broader, differentiated selection of merchandise, including products and brands previously not available in their community.

These improvements, coupled with the same great team and customer service, as well as a continued commitment to support the local community, gives us confidence that Shopko Hometown will be well received by Pamida’s customer base.”

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