Fred’s to close another 129 stores
An additional 129 Fred's stores will close in an effort to refocus product mix, simplify store portfolio and repay debt. The company expects the proceeds from inventory clearance sales will be used to repay outstanding indebtedness under its revolving credit agreement. (Houston Cofield/Daily Memphian file)
Fred's is set to close an additional 129 stores and hold inventory clearance sales across all stores.
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Fred's Inc.Natalie Pilgrim
Natalie Pilgrim is a Memphis native and a graduate of the University of Memphis. She is a digital producer for The Daily Memphian.
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