Shopko closing nine Iowa stores as retail chain declares bankruptcy

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Des Moines Register: Shopko will shutter nine Iowa stores in the fallout of the retail chain’s financial problems. The Wisconsin-based department store company filed for Chapter 11 bankruptcy Wednesday, reporting liabilities between $1 billion and $10 billion, with less than $1 billion in assets. Shopko announced it would close stores in Cherokee, Webster City, Estherville, Clarinda, Vinton, Hampton, Onawa, Bloomfield and Eldora.