Breaking: Fred's closing 159 stores, starting clearance sales at 360 others

retailisking · April 11, 2019, 04:05:29 PM

Looks a lot like another Shopko scenario
https://www.commercialappeal.com/story/money/2019/04/11/freds-store-closings-2019-discount-chain-shuttering-159-stores/3425057002/

danfifepsu · April 12, 2019, 08:40:02 AM

Quote from: retailisking on April 11, 2019, 04:05:29 PM
Looks a lot like another Shopko scenario
https://www.commercialappeal.com/story/money/2019/04/11/freds-store-closings-2019-discount-chain-shuttering-159-stores/3425057002/

Will Fred's close too?

retailisking · April 12, 2019, 11:24:00 PM

Quote from: danfifepsu on April 12, 2019, 08:40:02 AM
Will Fred's close too?

It's probably inevitable, with all but a few dozen stores running either going out of business or inventory liquidation sales.