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Fred's, Inc. engages in the sale of general merchandise and pharmaceuticals. The firm manages express and franchised stores, full service pharmacies, and specialty pharmacy facility. Read More It also offers pharmacy, consumables, household goods and soft lines, and franchise products. The company was founded in 1947 and is headquartered in Memphis, TN.
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Fred’s is closing these 104 additional stores, with liquidation sales starting today
Fred’s Inc. said Thursday it will close another 104 stores by the end of June, with liquidation sales beginning immediately, as the discount retailer continues its restructuring efforts. The new closures, in 13 states in the Southeast (see the list below), comes a month after the Memphis-based company said it was closing 159 “underperforming and unprofitable stores” by the end of May, leaving 398 stores open at that time. “These additional store closures are a difficult, but necessary step in the continue...
IB TimesMay 17
Fred’s Closes More Stores: A Full List Of Store Closures
Following its announcement that it would be closing 159 stores by May; Fred’s Inc. (FRED) said that it will be closing an additional 104 underperforming stores. The store closures are a part of the company’s effort to “rationalize its store footprint.” Liquidation at the 104 stores will begin Friday with the remaining stores in the company’s portfolio to remain open. Fred’s said it made the decision to close stores based on historical and recent store performance and lease expiration timing. "These additi...
Yahoo FinanceMay 16
Fred’s to Close 104 Underperforming Stores in the Southeast
MEMPHIS, Tenn., May 16, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (FRED) today announced it will begin to close an additional 104 underperforming stores as part of an ongoing effort to rationalize its store footprint. Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company's store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors. Liquidation sales at the 104 stores designated for closure will b...
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