Fred’s closing 159 underperforming stores by end of May, 19 in Alabama


MEMPHIS, Tenn. (AP) β€” Fred’s Inc. says it will close 159 underperforming and unprofitable stores in 13 states by the end of May.

The Memphis-based company said in a news release Thursday liquidation sales at those stores were beginning 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 locations in Alabama set to close:

Anniston – 1544 Greenbrier Lane

Branchville – 13254 Highway 411

Center Point – 1683 Center Point Parkway

Centre – 710 Cherokee Plaza

Enterprise – 621 Boll Weevil Circle

Florence – 321 N. Court Street

Florence – 4150 Florence Blvd.

Foley – 1200 N. McKenzie Street

Guntersville – 1477 Sunset Drive

Hoover – 3317 Lorna Road

Hueytown – 3056 Allison Bonnett Memorial Drive

Lanett-  622 Cherry Drive

Marion – 1549 Highway 5 S. 

Monroeville – 1318 S. Highway 21 Bypass

Roanoke – 3077 Highway 431

Russellville – 13150 Highway 43

Sylacauga – 212 W. Fort Williams Street

Talladega – 65364 Highway 77

Tuscumbia – 1401 Woodmont Drive 

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