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Fred’s closing more stores, 17 in Mississippi



Memphis-based discount store Fred’s announced Friday it will close 49 underperforming stores in eight states. This latest round adds to the 264 store closings it announced in April and May.

In addition to stores in Mississippi, the closings affect Fred’s in Alabama, Arkansas, Georgia, Kentucky, Louisiana, South Carolina and Tennessee. Pharmacies located inside the closed stores will remain open, Fred’s said in a statement.

“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,” the company stated.

The closings in Mississippi now total 66 stores. Friday’s announcement included the following 17 stores:

  • Ackerman: 318 N Alford
  • Calhoun City: 71 Highway 8 E
  • Durant: 33674 Highway 12
  • Houston: 905 N Pontotoc St.
  • Indianola: 210 Highway 82 W
  • Lexington: 301 Yazoo St.
  • Macon: 59 Frontage Road
  • Mantachie: 67 Watson Drive
  • Newton: 304 Northside Drive
  • Okolona: 511 W Monroe Ave.
  • Pelahatchie: 404 Second St.
  • Richton: 403 Front St.
  • Rolling Fork: 20917 U.S. 61
  • Taylorsville: 402 Pine St.
  • Tylertown: 3000 Pike 93 N
  • Wiggins: 116 2nd St. S
  • Woodville: 211 U.S. Highway 61 S

Fred’s opened its first store in 1947. The combined 313 store closings represent 56 percent of its total stores, with 244 locations remaining.

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