More Fred’s Store Closures: Complete List Of Locations Closing

Shopko Store closing — Shopko closed all of its 360 stores as part of its Chapter 11 bankruptcy filing, after previously announcing it would only close 38 locations. Signs advertise the closing of a Sears store on May 3, 2018 in Chicago, Illinois. The store, which opened in 1938, is the city's last remaining Sears store. Sears opened its first retail store in Chicago in 1925. Getty Images/Scott Olson

After announcing that it would be closing a total of 264 locations in April and May, Fred’s (FRED) said it will close another 49 underperforming stores. This is the third round of closure for the company this year, which has already started liquidation sales at more than 100 stores.

The store closures affect eight states, including Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, and Tennessee. According to Fred’s, the pharmacies located inside the closed stores will remain open.

“Fred's decision to close additional underperforming stores follows a continued evaluation of the Company's store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors,” the company said in a statement.

The liquidation of the store locations is being handled by SB360 Capital Partners, which said the 105 stores that Fred’s announced it was closing in May will wrap up liquidation sales and close over the next week.

“Fred’s shoppers are frequent shoppers,” Aaron Miller, executive vice president at SB360, said in the statement. “They’re in the store every week, and some of them are in multiple times each week. When they see the discounts, word travels fast.”

Following the 49 additional store closures, Fred’s will operate 244 locations.

A full list of Fred’s store closures can be found below:

Alabama