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"This announcement is exciting in that it represents another step forwardin our overall growth plans. It also reinforces our excitement about theprospects for the entire Express store strategy," said Michael R. MacDonald,Shopko Chairman and Chief Executive Officer.
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Shopko Express is a neighborhood drug store format focused on providingprofessional pharmacy services, health and wellness products and information,home business solutions, photo processing, as well as a convenient assortmentof food and beverages and traditional drug store merchandise. Shopko startedthe Express store strategy in 2005 and there are currently three Expresslocations.
While the merchandise mix for the new stores will be similar to otherShopko Express stores, the new store design and assortment includes changes inresponse to customer feedback. The company expects that the College Avenuelocation will include an optical center and a Bellin FastCare Clinic.
The existing Shopko Express stores are located in Howard, Wis., Ledgeview,Wis., and Port Washington, Wis.
About Shopko
Shopko Stores Operating Co., LLC is an affiliate of Sun Capital Partners,Inc., a leading private investment firm focused on leverage buyouts, equity,debt, and other investments in market-leading companies that can benefit fromits in-house operating professionals and experience. Shopko is a $2.2 billionretailer of quality goods and services headquartered in Green Bay, Wis., withstores located in 13 states throughout the Midwest, Mountain and PacificNorthwest regions. Retail formats include 132 Shopko stores, providingquality name-brand merchandise, great values, pharmacy and optical services inmid-sized to larger cities and three Shopko Express Rx stores, a convenientneighborhood drugstore concept. For more information, please visithttp://www.shopko.com.441 & College Avenue Town of Buchanan, WI Ballard Road & Evergreen Drive Appleton, WI
SOURCE Shopko Stores, Inc.
