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ShopKo Divests Nevada Stores

Green Bay, Wis., ShopKo Stores announced today that it has sold its two Reno, Nev. stores. The buyer is a San Francisco-based group comprised of SPI Holdings and Retail West.

Both stores will stay open through the end of the holiday season and then will be closed early next year. The 147 employees will receive severance packages.

There’s no word yet on what will happen to the buildings. ShopKo cited economic conditions and changes in the Reno retail market as reasons for the closures.

© 2014