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.
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.
- Fred's to close several local stores
- Local Sears Hometown stores closing
- Fred Shelton sworn in as Columbus chief of police
- Walgreens to buy pharmacy files of 185 Fred's Pharmacies
- Family Dollar will close nearly 400 stores
- Christian retailer LifeWay closing all stores
- Bed Bath & Beyond to close 40 stores
- Local church plans to close
- Best Buy to close its small-format mobile phone stores
- Starbucks to close stores for an afternoon for bias training