MEMPHIS, Tenn. (localmemphis.com) – Fred’s announced Thursday it will begin closing 159 underperforming and unprofitable stores, including many across the Mid-South.
Fred’s management says 398 other stores will remain open. Liquidation sales for the stores that are closing began Thursday. They are set to be fully closed by the end of May.
The company says “it will make an effort to transition impacted associates to other stores where possible.