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Pamida and Shopko complete merger

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The merger between two of the nation’s leading Midwest-based general merchandise retail chains, Shopko and Pamida, is now complete, creating one of the largest U.S. retailers focused on serving smaller, rural communities.

With nearly $3 billion in annual revenues, the combined entity, which is retaining the Shopko name, features nearly 350 locations in 22 states with more than 20,000 employees.

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.  

The company announced that the Pamida stores, including the one in Hodgenville, 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. The stores are in Iowa, Michigan and Missouri.

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 about six 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.