Mike Bettiga took over as interim CEO. In 2013, Peter McMahon was named Shopko's new CEO. In 2015, due to bankruptcy, Shopko acquired 20 ALCO Stores locations with the plan of converting them to Hometown locations. Shopko also changed its slogan to "The Stuff that Counts". Late in 2016, Shopko closed four stores due to poor sales but also opened one in Ely, Nevada. In November 2016 Shopko launched its first credit card. In late 2016 and early 2017 the firm also remodeled its larger stores to include some groceries, with limited frozen and perishable goods (mainly frozen pizza and dairy products). Chapter 11 and liquidation On December 4, 2018 Shopko confirmed that they were closing 39 stores. The following day, Bloomberg reported that Sun Capital had failed to find a buyer for Shopko and that the capital partners found a Chapter 11 situation increasingly likely. Shopko began closing its pharmacies in December 2018 and selling their patient records to local competitors including Walgreens, CVS, Hy-Vee and Kroger. On January 8, 2019, McKesson Corporation filed a suit against Shopko, seeking $67 million in delinquent payments. Along with the announcement, it was reported that Shopko could file for bankruptcy as early as January 15. On January 16, 2019, Shopko filed for Chapter 11 bankruptcy in Nebraska court, citing tough market competition and assets of less than $1 billion compared to liabilities of up to $10 billion. Shopko also announced the closure of another 105 of its 363 stores, including its original Military Ave. store in Green Bay. On February 7, 2019, Shopko confirmed the closure of 251 stores or 70 percent of its locations closing in phases between March 2, 2019 and May 12, 2019. The list included 77 Shopko stores, 165 Hometown Values stores, both the 2 standalone pharmacies, and all 7 Express stores. Shopko will exit the states of California, Colorado, Indiana, Kansas, Kentucky, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Texas, Utah, and Washington. On March 18, 2019, Shopko announced the closure of all remaining stores, due to a buyer not being found for the chain. Liquidation sales ran through the summer. On April 22, 2019, Shopko announced to employees that despite the fact that the company signed a contract for severance pay, only certain states would actually be paid. In April 2019, Monarch Alternative Capital LP purchased Shopko's optical operations for $8.5 million. The optical centers continued to