The discount chain Fred’s Inc. will close 104 more underperforming stores, including nine stores in South Carolina, 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 South Carolina will close at the following locations:
– 618 Sumter Highway in Bishopville.
– 1521 Jefferson Davis Highway in Camden.
– 2404 West Blvd. in Chesterfield.
– 106 Jimmy Martin Circle in Gaston.
– 200 Spartanburg Highway in Lyman.
– 1827 Wilson Road in Newberry.
– 908 Anderson St. in Piedmont.
– 209 Broad St. in Sumter.
– 505 Laurens Road in Woodruff.