Discount chain Fred’s is closing 49 more stores, the Memphis-based company announced Friday. The latest round of closings includes the Camden store. The pharmacies will remain open for now.
It’s the third round of closings since April and comes five weeks after “going out of business” liquidation sales began at 105 Fred’s stores and follows the decision to shutter 159 locations.
After the combined 313 closures, representing 56% of the company, there will be 244 remaining locations.
“Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company’s store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors,” Fred’s said in a statement.
Liquidation firm SB360 Capital Partners is managing the sales for Fred’s. Stores in the new round are located in eight states. Mississippi is losing the most with 17, followed by Arkansas with 10 and Louisiana with eight.
The pharmacies inside the closing stores will remain open, Fred’s said in the statement.
Here is the list of the Tennessee stores:
Tennessee
- Bolivar: 105 Tennessee St.
- Camden: 195 Highway 641 N
- Fairview: 2415 Fairview Blvd.
- Greenfield: 1207 S Meridian St.
- Loretto: 534 N Military St.
- Middleton: 700 S Main St.