Monday, April 8, 2019

Retailer Fred’s Hires Adviser as It Tries to Turn Around Business

The Wall Street Journal
Discount retailer Fred’s Inc. has hired a financial adviser as it looks to downsize its store footprint and turn around its business, according to people familiar with the matter.

As recently as this week, Fred’s executives have met with liquidation firms to discuss closing underperforming stores, the people added. There are currently no plans to close a majority or all stores, two of the people said.. . . more