Shopko Sells

Published Sunday, May 01, 2005

Minneapolis-based Goldner Hawn Johnson & Morrison (GHJM), a private equity investment firm, says it has agreed to acquire Green Bay, Wis.-based ShopKo, a publicly traded company on the New York Stock Exchange, for slightly more than $1 billion. The only large discount retailer still standing under the weight of Wal-Mart and Target competition, ShopKo operates 160 stores in secondary retail markets in 15 Western and Midwestern states, and its subsidiary Pramida has 221 stores in small-town markets with populations of between 2,000 and 8,000. “As a private company, we will be able to intensify our focus and efforts ...

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