Pamida will become a Shopko during summer conversion
| January 10, 2012 2:09 PM
Beginning in mid-summer, there will be a new sign going up at the Pamida store located at 1600 U.S. Highway 2, and with it the local store will see its share of an anticipated $80 million improvement in Pamida stores nationwide.
Pamida will change to Shopko Hometown, and with that change will come more retail variety for shoppers.
“You will see many of the same items, but there will be a more robust selection,” said Shopko Spokeswoman Tara Powers on Thursday. “I think in Libby you will see an improved shopping experience.”
The announcement Thursday of the merger of Pamida and Shopko, two of the nation’s leading Midwest-based general merchandise retail chains, will create one of the largest U.S. retailers focused on serving smaller and rural communities, Powers said from her Green Bay, Wis., office.
The combined entity will have nearly 350 locations in 22 states and plans for new store growth in the second half of 2012 and beyond. Financial details of the merger, which is expected to close in mid-February, were not disclosed.
Powers was asked whether there were plans to expand the Libby Pamida store as increased store items are expected, and she said that may come later, but not at this time.
“We don’t have plans to expand the retail floor space, but you will see more retail items in the space available,” Powers said.
Powers was asked whether there might be additional hiring at the Libby Pamida, and she said there may be additional hiring.
“The local manager may open a couple of positions, but we don’t expect it to be significant,” Powers said.
Powers said all questions about the local store should be directed to her Green Bay, Wis., office and not at the local level.
With annual revenues of $2 billion, the Green Bay-based Shopko operates 149 stores in 13 states located throughout the midwest, mountain and Pacific Northwest regions.
Omaha, Neb.-based Pamida operates 193 stores in 17 states, primarily in the mountain, north central and midwest regions, and has revenues of approximately $1 billion.
Pamida and Shopko are complementary in terms of locations and communities served, as well as a shared focus on brand-name selection, personalized service, outstanding values every day, pharmacy services and strong community involvement.
“I think with the change, Libby shoppers will see more brand-names on the shelves,” Powers said.
Powers said customers will benefit from the combined resources, buying power and merchandising expertise, which will also set a solid foundation for future growth.