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Fred's to Shutter 159 Underperforming Stores by the End of May

Rob Lenihan

The Memphis, Tennessee-based company said in a statement that it had begun liquidation sales at 159 stores with the goal of closing the underperforming and unprofitable outlets by the end of May. The company said 398 other stores will remain open. to sell the pharmacy patient prescription files and related pharmacy inventory of 179 Fred's stores located across 10 Southeastern states.