The discount chain Fred’s Inc. will close 104 more underperforming stores, including 18 stores in Mississippi, by the beginning of summer, the Memphis-based company said this week.
The latest closures come just over a month after Fred’s began liquidation sales at another 159 stores slated for closure, according to a report in USA Today. The closures are concentrated in Mississippi, Tennessee, Georgia and Arkansas.
The shuttering of the 104 stores is part of an effort that included examinations of past and current store performance and schedules for lease expirations, according to Fred’s Inc. All 104 stores are expected to close by the end of June.
“These additional store closures are a difficult but necessary step in the continued restructuring of Fred’s,” Joseph Anto, the company’s CEO, said in a prepared statement.
Fred's stores in Mississippi will close at the following locations:
– 905 Highway 278 E in Amory.
– 1898 Spillway Road in Brandon.
– 964 Brookway Blvd. in Brookhaven.
– 200 Clinton Blvd. in Clinton.
– 2040 E. Shiloh Road in Corinth.
– 25096 Highway 51 in Crystal Springs.
– 5266 Old Highway 11 in Hattiesburg.
– 140 Trade Center Lane in Hazlehurst.
– 6 E. Commerce St. in Hernando.
– 7833 Highway 613 in Moss Point.
– 1930 University Ave. in Oxford.
– 5760 Highway 80 E in Pearl.
– 401 E. Lee St. in Sardis.
– 102 Norfleet Drive in Senatobia.
– 8912 Northwest Drive in Southaven.
– 605 S. Jackson St. in Starkville.
– 1317 E. Main St. in Tupelo.
– 12201 Highway 57 in Vancleave.