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Fred's earnings show 'steep declines,' more store closures could be on the way

Meagan Nichols
Fred's earnings show 'steep declines,' more store closures could be on the way

During the call — which lasted about 10 minutes — Joe Anto, CEO of Fred’s, said the fourth quarter was “challenging” and that front store sales had dropped significantly versus Q4 2017. Fred's second distribution center is a 600,000-square-foot facility located in Dublin, Georgia, that services 271 stores.