Chain Store Age
Fred’s Inc.’s store footprint keeps shrinking.
The embattled retailer announced that it will close an additional 129 retail stores and hold clearance sales across all locations in an effort to refocus its product mix, simplify its store portfolio and repay debt. This is Fred’s fourth round of closings — the chain has closed some 300 stores during the past few months — and, when completed, will leave it with 80 locations, centered primarily around its distribution center in Dublin, Ga.. . . more