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Fred's to close another 129 stores

By Updated: July 12, 2019 6:05 PM CT | Published: July 12, 2019 10:23 AM CT
<strong>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.&nbsp;</strong>(Houston Cofield/Daily Memphian file)

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)

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Fred's Inc.
Natalie Martin

Natalie Martin

Natalie Martin is a Memphis native and 2018 graduate of the University of Memphis. She is a reporter and copy editor for The Daily Memphian.


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