Friday, March 29, 2019

RIL climbs 3% on acquisition of menswear brand John Players from ITC

Reliance Industries shares gained 3.16 percent to close at Rs 1,367.15 on Tuesday after its retail company acquired ITC's menswear brand John Players.

"The acquisition would strengthen Reliance Retail's readymade garments and accessories portfolio in the fashion and lifestyle retail space," Reuters said quoting Reliance's email.

Consumer goods company ITC sold the brand John Players and related trademarks and intellectual property to Reliance Retail as part of its restructuring plan, Reuters said quoting ITC spokesperson.

The two companies, however, did not disclose the financial details of the deal.

Meanwhile, according to a report by The Economic Times, Reliance bought the John Players brand and distribution rights of 750 stores, in addition to 65 exclusive franchise outlets, for an estimated Rs 150 crore ($21.79 million).

Earlier this month, sources told Reuters that Reliance planned to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. First Published on Mar 26, 2019 03:39 pm

Thursday, March 28, 2019

Top Value Stocks To Buy Right Now

tags:AAXJ,KBR,CUI,

August 27, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.52 to 1, and on the Nasdaq, advancers led decliners by about 1.49 to 1.

ATA Inc. (NASDAQ: ATAI) traded down about 14% Monday to set a new 52-week low of $0.82, based on revalued shares that closed at $0.72 on Friday but traded up about 250% on Monday at $2.53. Volume was more than 200 times the daily average of around 42,000. You’re on your own here to figure this one out.

Grupo Supervielle SA (NYSE: SUPV) traded down more than 3.3% Monday to post a new 52-week low of $5.91 after closing Friday at $6.11. The stock’s 52-week high is $33.85. Volume was about four times the daily average of around 1.1 million shares. The Argentina bank posted poor results and issued poor guidance last Friday.

Altra Industrial Motion Corp. (NASDAQ: AIMC) dropped about 7% Monday to set a new 52-week low of $38.00. Shares closed at $40.85 on Friday and the stock’s 52-week high is $53.70. Volume totaled around 1.5 million, about 10 times the daily average. The company had no specific news.

Top Value Stocks To Buy Right Now: iShares MSCI All Country Asia ex Japan Index Fund(AAXJ)

Advisors' Opinion:
  • [By Shane Hupp]

    iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) was the target of a significant growth in short interest during the month of September. As of September 14th, there was short interest totalling 875,043 shares, a growth of 53.0% from the August 31st total of 571,842 shares. Based on an average daily volume of 1,752,942 shares, the days-to-cover ratio is presently 0.5 days.

Top Value Stocks To Buy Right Now: KBR, Inc.(KBR)

Advisors' Opinion:
  • [By Motley Fool Transcribers]

    KBR Inc  (NYSE:KBR)Q4 2018 Earnings Conference CallFeb. 26, 2019, 8:30 a.m. ET

    Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

    Operator

  • [By Max Byerly]

    Get a free copy of the Zacks research report on KBR (KBR)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Kubera Coin (CURRENCY:KBR) traded up 1.2% against the dollar during the one day period ending at 11:00 AM ET on August 26th. In the last week, Kubera Coin has traded up 66.9% against the dollar. One Kubera Coin token can now be bought for $0.0027 or 0.00000041 BTC on popular cryptocurrency exchanges including HitBTC and Cryptopia. Kubera Coin has a total market capitalization of $311,598.00 and approximately $6,830.00 worth of Kubera Coin was traded on exchanges in the last day.

  • [By Stephan Byrd]

    KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Friday, August 10th, Wall Street Journal reports. Investors of record on Monday, September 17th will be given a dividend of 0.08 per share by the construction company on Monday, October 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, September 14th.

Top Value Stocks To Buy Right Now: CUI Global, Inc.(CUI)

Advisors' Opinion:
  • [By Ethan Ryder]

    TESSCO Technologies (NASDAQ: TESS) and CUI Global (NASDAQ:CUI) are both small-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, institutional ownership, analyst recommendations and risk.

Wednesday, March 27, 2019

Top 5 Medical Stocks For 2019

tags:OSN,ZAGG,BRT,BIT,CHRW,

Ready or not, legal marijuana is coming to Canada. On June 19, after less than two weeks of Bill C-45, better known as the Cannabis Act, bouncing back and forth between the Senate and House of Commons, the Cannabis Act was approved. Just days later, Prime Minister Justin Trudeau set an official adult-use legalization date of Oct. 17, 2018, making Canada the first industrialized nation in the world to have given the green light to recreational cannabis.

For investors and growers, legal weed means big bucks. Even with incredible growth from medical marijuana sales and via exports, waving the proverbial green flag should open the door to perhaps $5 billion in added annual sales that, over time, could have the legal weed industry rolling in the dough. As a result, marijuana growers have been expanding their capacity as quickly as their balance sheets will allow in an effort to secure as much market share as possible in the early going.

Image source: Getty Images.

Top 5 Medical Stocks For 2019: Ossen Innovation Co., Ltd.(OSN)

Advisors' Opinion:
  • [By Stephan Byrd]

    News articles about Ossen Innovation (NASDAQ:OSN) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ossen Innovation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.9401388856467 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

  • [By Lisa Levin] Gainers Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM) shares jumped 29.86 percent to close at $2.87 on Friday. Commercial Vehicle Group, Inc. (NASDAQ: CVGI) shares gained 28.87 percent to close at $8.75 after reporting upbeat Q1 earnings. Mexco Energy Corporation (NYSE: MXC) gained 27.02 percent to close at $5.4744. Carbon Black, Inc. (NASDAQ: CBLK) climbed 26 percent to close at $23.94. Carbon Black priced its IPO at $19 per share. Portola Pharmaceuticals, Inc. (NASDAQ: PTLA) rose 25.64 percent to close at $42.44 after the FDA approved the company's Andexxa, the only antidote indicated for patients treated with rivaroxaban and apixaban. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) rose 23.19 percent to close at $8.50 after reporting Q2 results. California Resources Corporation (NYSE: CRC) shares gained 22.45 percent to close at $31.58 following upbeat Q1 earnings. Atomera Incorporated (NASDAQ: ATOM) gained 22.31 percent to close at $6.25 after reporting Q1 results. Medifast, Inc. (NYSE: MED) shares jumped 22.27 percent to close at $121.46 after the company reported strong Q1 results and raised its FY18 guidance. Jerash Holdings (US), Inc. (NASDAQ: JRSH) gained 20.86 percent to close at $8.46. Pandora Media, Inc. (NYSE: P) rose 19.83 percent to close at $6.89 after reporting strong quarterly results. Shake Shack Inc (NYSE: SHAK) rose 18.01 percent to close at $55.95 on Friday after the company reported upbeat results for its first quarter and raised its FY18 guidance. Super Micro Computer, Inc. (NASDAQ: SMCI) rose 17.73 percent to close at $21.25 after reporting strong preliminary results for the third quarter. Schmitt Industries, Inc. (NASDAQ: SMIT) rose 17.41 percent to close at $2.36. Titan International, Inc. (NYSE: TWI) shares gained 16.78 percent to close at $12.25 following Q1 earnings. Integer Holdings Corporation (NYSE: ITGR) shares rose 14.23 percent to close at $63.40 following Q1 result

Top 5 Medical Stocks For 2019: ZAGG Inc(ZAGG)

Advisors' Opinion:
  • [By Garrett Baldwin]

    See Now: Our founder just released his No. 1 pick for 2019. Don't miss this. See the urgent briefing here…

    Shares of Stitch Fix Inc. (NASDAQ: SFIX) popped more than 24% as the personal retail firm crushed earnings expectations after the bell Monday. The firm reported earnings per share of $0.12 on top of $370 million. Wall Street had expected EPS of $0.05 on $365 million in revenue. Shares surged after the firm hiked its full-year outlook and announced that its active client base increased by 18% year over year. Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk is ready to take on the U.S. Securities and Exchange Commission. Musk's lawyers argued Tuesday that recent tweets by the outspoken CEO about the company's production output did not violate a gag order and agreement with the agency. Musk claims that he should not be held in contempt, while his lawyers say that SEC is infringing on the CEO's First Amendment rights. Look for earnings reports from Cohu Inc. (NASDAQ: COHU), Momo Inc. (NASDAQ: MOMO), Switch Inc. (NASDAQ: SWCH), and Zagg Inc. (NASDAQ: ZAGG). This Is How You Can Grow Incredibly Rich Buying Straight-Up Stocks

    Right now, even with all the market uncertainty, there's truly a ridiculous amount of money to be made from stocks if you follow this secret.

  • [By Lisa Levin]

    Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 27 percent to $14.60 after the company posted better-than-expected Q1 earnings.

    OPKO Health, Inc. (NASDAQ: OPK) shares were also up, gaining 30 percent to $4.18 following Q1 beat.

  • [By Stephan Byrd]

    EZCORP (NASDAQ: EZPW) and Zagg (NASDAQ:ZAGG) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, institutional ownership, risk, dividends, valuation and earnings.

  • [By Timothy Green]

    Shares of ZAGG Inc. (NASDAQ:ZAGG) soared on Wednesday after the mobile device accessory company reported first-quarter results. ZAGG handily beat analyst expectations on all fronts, registering an unexpected double-digit increase in revenue. As of 12:45 p.m. EDT, the stock was up about 26%.

Top 5 Medical Stocks For 2019: BRT Realty Trust(BRT)

Advisors' Opinion:
  • [By Max Byerly]

    Get a free copy of the Zacks research report on BRT Apartments (BRT)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    BRT Apartments Corp (NYSE:BRT) – Equities researchers at B. Riley reduced their FY2018 EPS estimates for BRT Apartments in a research report issued on Tuesday, August 21st. B. Riley analyst C. Kucera now forecasts that the financial services provider will post earnings of $0.94 per share for the year, down from their prior forecast of $1.13. B. Riley also issued estimates for BRT Apartments’ Q4 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.91 EPS.

  • [By Joseph Griffin]

    BRT Apartments Corp (NYSE:BRT) announced a quarterly dividend on Tuesday, June 12th, Zacks reports. Shareholders of record on Monday, June 25th will be given a dividend of 0.20 per share by the financial services provider on Friday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Friday, June 22nd.

Top 5 Medical Stocks For 2019: BlackRock Multi-Sector Income Trust(BIT)

Advisors' Opinion:
  • [By Max Byerly]

    BitRewards (CURRENCY:BIT) traded 7.8% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on August 13th. One BitRewards token can now be purchased for approximately $0.0017 or 0.00000027 BTC on exchanges including IDEX and HitBTC. BitRewards has a total market capitalization of $414,691.00 and $106,200.00 worth of BitRewards was traded on exchanges in the last 24 hours. Over the last week, BitRewards has traded down 31.6% against the US dollar.

  • [By Shane Hupp]

    First Bitcoin (CURRENCY:BIT) traded up 12.4% against the US dollar during the one day period ending at 7:00 AM E.T. on July 1st. One First Bitcoin coin can now be bought for approximately $0.0113 or 0.00000177 BTC on major exchanges. Over the last week, First Bitcoin has traded 4% lower against the US dollar. First Bitcoin has a market capitalization of $0.00 and approximately $13.00 worth of First Bitcoin was traded on exchanges in the last day.

  • [By Ethan Ryder]

    Northwestern Mutual Wealth Management Co. increased its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 23.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,769 shares of the investment management company’s stock after purchasing an additional 15,675 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.22% of Blackrock Multi-Sector Income Trust worth $1,415,000 at the end of the most recent quarter.

Top 5 Medical Stocks For 2019: C.H. Robinson Worldwide, Inc.(CHRW)

Advisors' Opinion:
  • [By Joseph Griffin]

    C. H. Robinson (NASDAQ:CHRW) declared a quarterly dividend on Thursday, May 10th, RTT News reports. Stockholders of record on Friday, June 1st will be paid a dividend of 0.46 per share by the transportation company on Friday, June 29th. This represents a $1.84 annualized dividend and a dividend yield of 2.18%.

  • [By Stephan Byrd]

    Yacktman Asset Management LP decreased its holdings in C. H. Robinson (NASDAQ:CHRW) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 544,900 shares of the transportation company’s stock after selling 600 shares during the period. C. H. Robinson comprises approximately 0.5% of Yacktman Asset Management LP’s portfolio, making the stock its 25th largest position. Yacktman Asset Management LP owned 0.39% of C. H. Robinson worth $51,063,000 as of its most recent SEC filing.

  • [By Shane Hupp]

    Waddell & Reed Financial Inc. boosted its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,290 shares of the transportation company’s stock after purchasing an additional 4,330 shares during the quarter. Waddell & Reed Financial Inc. owned about 0.08% of C.H. Robinson Worldwide worth $9,311,000 as of its most recent SEC filing.

  • [By Shane Hupp]

    C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on C.H. Robinson Worldwide (CHRW)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    CryoPort (NASDAQ: CYRX) and C. H. Robinson (NASDAQ:CHRW) are both transportation companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, risk and analyst recommendations.

Sunday, March 24, 2019

When debt comes before 'I do'

These days, being young and in love just isn't enough.

Megan McDonald, 23 and her boyfriend, Nick Palmiotto, 25, have been together for over three years but their marriage plans are on hold.

"We like the idea of being married young and starting a family younger — both of our parents were done having kids before 30 — but it's just that, an idea," she said.

McDonald and Palmiotto live together in New York. She works in public relations, he is an investment banker. Combined they make more than $130,000 a year but they are each also paying back loans from school. McDonald's tab is around $20,000.

"Everything goes out the window," she said of their current income.

Before planning a wedding, "we want to reach certain financial goals in order to establish the foundation that will be the rest of our lives," McDonald said.

show chapters Here's when couples should start having tough conversations about money Here's when couples should start having tough conversations about money    11:22 AM ET Thu, 15 Feb 2018 | 01:11

Sky-high rents, record-breaking student loan debt and stagnant wages have caused many millennials to delay marriage, children and home buying, studies show.

"We not seeing 20-somethings getting married, we are seeing 30-somethings and it's still just as hard to stay married," said Peter Walzer, the president of the American Academy of Matrimonial Lawyers, or AAML.

The median marrying age is now 27 for women and 29 for men, up from 20 for women and 23 for men in 1960, according to the Pew Research Center.

However, postponing marriage does have its upside, according to Antonia Greenwald, a CPA and a director in the matrimonial services group at accounting firm Anchin, Block & Anchin.

"You are usually more stable later on," she said. "Maybe you've paid down college loans, have a career or a retirement nest egg.

"Then you can make plans for the future."

That worked for Leigh Ann Newman, 47. She and her husband, Cary, 61, have been married for nearly 20 years.

"When we met, I had a car loan, credit card debt and monthly expenses," Newman said. "We had to make the decision to postpone our marriage a few months in order for me to make some financial changes."

Leigh Ann and Cary Newman have been married for almost 20 years. "We've been on the same page from the beginning," she said. Courtesy: Shara Lee's Photography Leigh Ann and Cary Newman have been married for almost 20 years. "We've been on the same page from the beginning," she said.

Newman, who is a writer in Idaho, sold her car, moved in with her parents and applied the money she saved to her credit card bill. "By the time we were married, I was debt-free."

"We've been on the same page from the beginning," she said, and it's remained "a focus to stay financially sound."

In fact, the majority of Americans — both men and women — now say they prefer a partner who provides financial security more than "head over heels" love, according to the most recent Merrill Edge report.

That may be the secret to living happily ever after.

As most know, the leading cause of stress in a relationship is finances, according to a study by SunTrust Bank. The research found that 35 percent of people named money as the primary trouble spot with their partner.

In fact, 59 percent of divorcees said finances played a role in the breakup of their marriage, and 20 percent said financial conflict was a significant factor in their divorce, according to a separate survey by Experian.

More from Personal Finance:
Five money mistakes that can destroy a marriage
Student loan debt is a hurdle for many would-be mothers
Buying a home: almost impossible with student loan debt

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Saturday, March 23, 2019

Shopko closing all of its remaining stores by…

Shopko will liquidate its assets and close all of its remaining locations by mid-June.

The company was unable to find a buyer for the retail business and will begin winding down its operations beginning this week, the company said in statement released Monday. The decision to liquidate will bring an end to the brick-and-mortar business that began in 1962 with one location in Green Bay, Wisconsin.

"This is not the outcome that we had hoped for when we started our restructuring efforts," Shopko CEO Russ Steinhorst said in the statement. "We want to thank all of our teammates for their hard work and dedication during their time at Shopko."

In February, Shopko announced plans to close 250 stores, or about 70 percent of its locations as it attempted to scale back the business and work through bankruptcy to  restore profitability and attract a buyer or investor. 

The closings list was expanded Monday to include the 120 stores that Shopko had hoped to keep, according to a document filed Monday in U.S. bankruptcy court in Nebraska.

Store closings 2019: Payless, Gymboree and Victoria's Secret are just some of the brands closing stores

Most reliable cars: SUVs dominate list of cars most likely to last 200,000 miles

FacebookTwitterGoogle+LinkedInShopko through the years FullscreenPost to FacebookPosted!

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Vicki Villers shops at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Vicki Villers shops at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenA credit card machine is shown at the closed pharmacy in the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. A credit card machine is shown at the closed pharmacy in the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenBlack Friday shoppers enter Shopko at Bay Park SquareBlack Friday shoppers enter Shopko at Bay Park Square mall in Ashwaubenon on Nov. 26, 2010. USA TODAY NETWORK-WisconsinFullscreenSale signs are shown at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Sale signs are shown at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenA sign by the entrance of the original Shopko store is shown on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. A sign by the entrance of the original Shopko store is shown on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenCustomers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Customers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenA  Green Bay Press-Gazette photo from the opening of Shopko's first store, 216 S. Military Ave. in Green Bay, on April 5, 1962.Raising the sign for Shopko's first store USA TODAY NETWORK-WisconsinFullscreenRaising the sign for Shopko's first store, at 216. S. Military Ave., in March 1962.Raising the sign for Shopko's first store, at 216. S. Military Ave., in March 1962. USA TODAY NETWORK-WisconsinFullscreenAn advertisement for the original Green Bay Shopko store, the company's first, ran in the Green Bay Press-Gazette on April 4, 1962.An advertisement for the original Green Bay Shopko store, the company's first, ran in the Green Bay Press-Gazette on April 4, 1962. USA TODAY NETWORK-WisconsinFullscreenThe April 4, 1962 edition of the Green Bay Press-Gazette announced the upcoming opening of the original Shopko store at 216 S. Military Ave. in Green Bay.The April 4, 1962 edition of the Green Bay Press-Gazette announced the upcoming opening of the original Shopko store at 216 S. Military Ave. in Green Bay. USA TODAY NETWORK-WisconsinFullscreenCustomers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Customers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. Adam Wesley/USA TODAY NETWORK-WisconsinFullscreenShopko corporate headquarters at 700 Pilgrim Way. The building is for sale for $24 million.Shopko corporate headquarters at 700 Pilgrim Way. The building is for sale for $24 million. Jim Matthews/USA TODAY NETWORK-WFullscreenShopko store on Military Avenue in Green Bay prior to the company's rebranding of its stores in 2015Shopko store on Military Avenue in Green Bay prior to the company's rebranding of its stores in 2015 USA TODAY NETWORK-WisconsinFullscreenThe Shopko store at 216 S. Military Ave.   in Green Bay.The Shopko store at 216 S. Military Ave. in Green Bay. Jim Matthews/USA TODAY NETWORK-WisconsinFullscreenPromotional materials produced as part of the rebranding of Shopko stores in 2015.Promotional materials produced as part of the rebranding of Shopko stores in 2015. USA TODAY NETWORK-WisconsinFullscreenThe Shopko store at Bay Park Square in Ashwaubenon.The Shopko store at Bay Park Square in Ashwaubenon. Jim Matthews/USA TODAY NETWORK-WFullscreenA customer walks toward the Shopko store at 2430 E. Mason Street in Green Bay.A customer walks toward the Shopko store at 2430 E. Mason Street in Green Bay. Jim Matthews/USA TODAY NETWORK-WFullscreenShopko Hometown assistant manager Sandi Reed works with Oconto High School student Courtney Fager on stocking shelves of candles.Shopko Hometown assistant manager Sandi Reed works with Oconto High School student Courtney Fager on stocking shelves of candles. USA TODAY NETWORK-WisconsinFullscreenRobbin Zimmerman heads through the aisles at Shopko in Appleton during the store's Black Friday sale in 2015.Robbin Zimmerman heads through the aisles at Shopko in Appleton during the store's Black Friday sale in 2015. USA TODAY NETWORK-WisconsinFullscreenFans enter the new Shopko gate before the Green Bay Packers played the Washington Redskins at Lambeau Field on September 15, 2013. Shopko has sponsored the gate since the Lambeau Field renovation was completed earlier that year.Fans enter the new Shopko gate before the Green Bay Packers played the Washington Redskins at Lambeau Field on September 15, 2013. Shopko has sponsored the gate since the Lambeau Field renovation was completed earlier that year. USA TODAY NETWORK-WisconsinFullscreenA young cheesehead waits to enter the new Shopko Gate before Packers Family Night at Lambeau Field on Aug. 3, 2013.A young cheesehead waits to enter the new Shopko Gate before Packers Family Night at Lambeau Field on Aug. 3, 2013. USA TODAY NETWORK-WisconsinFullscreenOconto Police Capt. Randy Van Hulle talks with youths while they Shop with a Cop on December 2018 at Shopko Hometown in Oconto. At left is officer Mike Damit. Shopko has for years been a partner in the Shop with a Cop program.Oconto Police Capt. Randy Van Hulle talks with youths while they Shop with a Cop on December 2018 at Shopko Hometown in Oconto. At left is officer Mike Damit. Shopko has for years been a partner in the Shop with a Cop program. Courtesy Ann RehbergFullscreenGreen Bay Police Department Officer Kevin Stevens selects gifts in December 2018 with his Shop with A Cop program participant at Shopko on East Mason Street in Green Bay. Shopko for years has been a partner in the Shop with a Cop program.Green Bay Police Department Officer Kevin Stevens selects gifts in December 2018 with his Shop with A Cop program participant at Shopko on East Mason Street in Green Bay. Shopko for years has been a partner in the Shop with a Cop program. Jim Matthews/USA TODAY NETWORK-WisFullscreenShopko Stores Operating Co.'s distribution center atShopko Stores Operating Co.'s distribution center at 1717 Lawrence Drive in De Pere. The company launched a legal challenge of the city's property tax assessment in 2017. Jim Matthews/USA TODAY NETWORK-WisconsinFullscreenHoliday shoppers wait in line outside of Shopko atHoliday shoppers wait in line outside of Shopko at Bay Park Square as the store was about to open with their holiday specials at 4 p.m. Thursday, November 23, 2017 in Ashwaubenon, Wis. Jim Matthews/USATODAY NETWORK-WiFullscreenHoliday shoppers crowd the electronics department ofHoliday shoppers crowd the electronics department of Shopko at Bay Park Square as the store opens with holiday specials just after 4 p.m. Thursday, November 23, 2017 in Ashwaubenon, Wis. Jim Matthews/USATODAY NETWORK-WisconsinFullscreenThe exterior of Shopko Hall in Ashwaubenon with theThe exterior of Shopko Hall in Ashwaubenon with the Resch Center in the background. Jim Matthews/USA TODAY NETWORK-WisconsinFullscreenShopko Hall in Ashwaubenon.Shopko Hall in Ashwaubenon. USA TODAY NETWORK-WisconsinFullscreenShopko opened its first Shopko Hometown stores in 2010.Shopko opened its first Shopko Hometown stores in 2010. The number of smaller stores grew significantly when Shopko merged with Pamida in 2012 and rebranded most Pamida stores as Shopko Hometown. USA TODAY NETWORK-WisconsinFullscreenShopko employee Jacob Meyer answers a question forShopko employee Jacob Meyer answers a question for a Black Friday shopper in the electronics section of Shopko on the East Side of Green Bay in 2014. USA TODAY NETWORK-WisconsinFullscreenShopko corporate headquarters in Ashwaubenon.Shopko corporate headquarters in Ashwaubenon. USA TODAY NETWORK-WisconsinFullscreenInterested in this topic? You may also want to view these photo galleries:ReplayVicki Villers shops at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 1 of 31A credit card machine is shown at the closed pharmacy in the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 2 of 31Black Friday shoppers enter Shopko at Bay Park Square3 of 31Sale signs are shown at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 4 of 31A sign by the entrance of the original Shopko store is shown on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 5 of 31Customers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 6 of 31A  Green Bay Press-Gazette photo from the opening of Shopko's first store, 216 S. Military Ave. in Green Bay, on April 5, 1962.7 of 31Raising the sign for Shopko's first store, at 216. S. Military Ave., in March 1962.8 of 31An advertisement for the original Green Bay Shopko store, the company's first, ran in the Green Bay Press-Gazette on April 4, 1962.9 of 31The April 4, 1962 edition of the Green Bay Press-Gazette announced the upcoming opening of the original Shopko store at 216 S. Military Ave. in Green Bay.10 of 31Customers shop at the original Shopko store on Wednesday, January 16, 2019 in Green Bay, Wis. Shopko filed for chapter 11 bankruptcy on Wednesday and announced it will close 105 stores, including the company's original store on Military Ave in Green Bay. 11 of 31Shopko corporate headquarters at 700 Pilgrim Way. The building is for sale for $24 million.12 of 31Shopko store on Military Avenue in Green Bay prior to the company's rebranding of its stores in 201513 of 31The Shopko store at 216 S. Military Ave.   in Green Bay.14 of 31Promotional materials produced as part of the rebranding of Shopko stores in 2015.15 of 31The Shopko store at Bay Park Square in Ashwaubenon.16 of 31A customer walks toward the Shopko store at 2430 E. Mason Street in Green Bay.17 of 31Shopko Hometown assistant manager Sandi Reed works with Oconto High School student Courtney Fager on stocking shelves of candles.18 of 31Robbin Zimmerman heads through the aisles at Shopko in Appleton during the store's Black Friday sale in 2015.19 of 31Fans enter the new Shopko gate before the Green Bay Packers played the Washington Redskins at Lambeau Field on September 15, 2013. Shopko has sponsored the gate since the Lambeau Field renovation was completed earlier that year.20 of 31A young cheesehead waits to enter the new Shopko Gate before Packers Family Night at Lambeau Field on Aug. 3, 2013.21 of 31Oconto Police Capt. Randy Van Hulle talks with youths while they Shop with a Cop on December 2018 at Shopko Hometown in Oconto. At left is officer Mike Damit. Shopko has for years been a partner in the Shop with a Cop program.22 of 31Green Bay Police Department Officer Kevin Stevens selects gifts in December 2018 with his Shop with A Cop program participant at Shopko on East Mason Street in Green Bay. Shopko for years has been a partner in the Shop with a Cop program.23 of 31Shopko Stores Operating Co.'s distribution center at24 of 31Holiday shoppers wait in line outside of Shopko at25 of 31Holiday shoppers crowd the electronics department of26 of 31The exterior of Shopko Hall in Ashwaubenon with the27 of 31Shopko Hall in Ashwaubenon.28 of 31Shopko opened its first Shopko Hometown stores in 2010.29 of 31Shopko employee Jacob Meyer answers a question for30 of 31Shopko corporate headquarters in Ashwaubenon.31 of 31AutoplayShow ThumbnailsShow CaptionsLast SlideNext SlideSale effort comes up short

The court filing indicates all store closures will be completed by June 16.

The bankruptcy court had scheduled an auction for Tuesday morning in the hope of driving up the price of initial bids that were submitted last week. On Monday, it announced the auction was canceled and a bankruptcy consultant will oversee  liquidation over the next 10 to 12 weeks. 

Shopko said it continues to evaluate options for its optical business. The company had hoped to spin off the business into standalone locations as part of its reorganization. 

The optical business now becomes one of the assets it will look to sell in the liquidation process.

The liquidation at the newly identified closing stores will look much the same as what has occurred at closing Shopkos: Discounts will slowly increase over a period of weeks as the company looks to sell every bit of inventory and equipment on hand. 

Craig Stevenson, a Madison-based partner with DeWitt Law Firm with expertise in bankruptcy law, said liquidation involves attempting to maximize the value of Shopko's assets by selling everything it can. 

"The concept is to take all assets and make as big a pile of money as you can as efficiently as you can," Stevenson said. "The idea is to take everything there and make it money that can be distributed to claimants in the bankruptcy." 

Shopko and its affiliates filed for bankruptcy protection on Jan. 16 citing assets of less than $1 billion and liabilities between $1 billion and $10 billion. It had sought a buyer that would keep a smaller number of the company's brick-and-mortar locations operating beyond bankruptcy. 

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Contact Jeff Bollier at (920) 431-8387 or jbollier@gannett.com. Follow him on Twitter at @GBstreetwise.