Fred's to close several local stores

This includes stores in Tupelo, Columbus, West Point and Aberdeen.

Posted: Apr. 11, 2019 10:32 AM
Updated: Apr. 11, 2019 10:58 AM

MEMPHIS, Tenn. (WTVA) - Several Fred’s stores in northeast Mississippi are slated to close by the end of May.

This includes stores in Tupelo, Columbus, West Point and Aberdeen.

Tupelo - 809 Varsity Dr.

Tupelo - 1776 McCullough Blvd.

Columbus – 304 5th St. S

Columbus – 201 G Alabama St.

Aberdeen – 107 N. Meridian St.

West Point – 26591 E. Main St.

Dozens of stores in Mississippi are also slated to close.

MORE: See the full list here

In a news release from the company, the stores were described as "underperforming and unprofitable."

This decision is the result of a "comprehensive evaluation" of the company's store portfolio which includes "historical and recent store performance and the timing of lease expirations, among other factors."

"Decisions that impact our associates in this way are difficult, but the steps we are announcing are necessary," CEO Joseph Anto stated. "We will make every effort to transition impacted associates to other stores where possible.”

Liquidation sales at 159 stores began Thursday, while 398 other stores will remain open.

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