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Freds to Close Many Stores

Apr 15, 2019 at 07:17 pm by Bryan Barrett


Fred's Inc. says it will close 159 underperforming and unprofitable stores in 13 states by the end of May. The store on Middle Tennessee Boulevard in Murfreesboro is one of the many stores closing.

The Memphis-based company said in a news release Thursday that a liquidation sale at those stores began Thursday. The company's 398 other discount stores will remain open.

CEO Joseph Anto said in the release the company will work to move employees to other stores if possible.

The company said it is continuing to pursue the sale of its remaining pharmacy assets.

The list of stores being closed includes 31 in Mississippi, 25 in Georgia, 23 in Tennessee, 19 each in Alabama and Arkansas, 14 in Louisiana, 11 in South Carolina, six in Texas, four in Kentucky, three in North Carolina, two in Missouri and one each in Illinois and Oklahoma.

Store closings list below for Tennessee...

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