Fred's Announces Closure of 150 Stores
A discount chain store has just announced the closure of more than 150 stores. Fred’s will close its Anniston location off Greenbrier Lane, locations in Centre, Talladega, Sylacauga, in addition to 157 others in 13 states.
Sales fell nearly 5% during the first nine months of 2018 resulting in this closure. Although the company has no plans of filing for bankruptcy according to WEIS Radio, majority of the stores are expected to be closed by the end of May.