SATIS_1170x120_10-29-20

SB360 Capital Partners

Fred’s to close an additional 104 stores

Fred’s to close an additional 104 stores

MEMPHIS — Fred’s Inc. announced Thursday it is closing 104 underperforming stores as part of an “ongoing effort to rationalize its store footprint.” The new round of closings comes five weeks after the Memphis-based company started “going out of business” liquidation sales at 159 stores and follows an evaluation of store performance and timing of lease