Shopko invested a total of $70 million into efforts to convert the Pamida
stores to the Shopko Hometown format.
had previously been part of Shopko, which acquired the company in 1999 and operated it as a separate division.
Customers can then have their photos printed for collection at a Pamida
store or posted to their home.
Revionics and Pamida
started their partnership in 2010 with the implementation of the first of three phases, the Revionics Price Optimization solution.
Shopko also announced the conversion plans for Pamida
These plans include 16 ShopKo store remodels, 35 Pamida
store remodels, the addition of eight new Pamida
stores, the opening of 12 Pamida
pharmacies in existing locations and planning for up to three new ShopKo Express Rx stores.
Balancing the need to maintain profits while costs increase and competition grows, Pamida
has proven the ability to utilize the scenario planning capabilities in Revionics to fine-tune category strategies to achieve their corporate goals.
and Shopko is a great move for our businesses and our customers given our complementary strengths, store networks and consumer-centric retail models," said Jones.
The regional discounter has reduced its huge debt load by $381 million over the past two years, pulled the Pamida
division out of the red and revamped its senior ranks, he said.
Based in Omaha, Nebraska, Pamida
is known for providing consumers value and convenience for branded products, including apparel, home electronics, domestics, seasonal items, toys, house wares, and grocery items.
We are excited about our new relationship with Pamida
," said Warren Ivie, CEO and Founder of Ivie & Associates, Inc.
The retailer has been focusing on trimming debt and returning Pamida
, the rural convenience chain it acquired in 1999, to profitability, partly by better leveraging ShopKo's operations.