ShopKo to Sell Three Stores

Green Bay, Wis., Discount retailer ShopKo Stores said it is selling its three stores in Colorado to Regency Realty Group. The retailer described the move as a result of “economic reasons.” The stores are expected to close in about three months. ShopKo originally opened the Longmont and Loveland stores in 1993 and the Fort Collins store in 1994.

The company said the sale of the trio of stores is not directly related to its plan announced in April to be acquired by private investment firm Goldner Hawn Johnson & Morrison for $715 million in cash.