Fred's to close all stores amid bankruptcy filing
Missed this yesterday. They had already announced 129 closings and now are going to shutter the other 89
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Fred's, the general discount retailer, is throwing in the towel, officially filing for Chapter 11 bankruptcy protection, according to documents filed Monday with the Securities and Exchange Commission.
Shares, already battered, fell to a fresh record low.
The retailer, with locations primarily located throughout the Southeast, will hold liquidation sales at all locations which will close in about 60 days.
https://www.foxbusiness.com/retail/freds-files-for-bankruptcy-retail
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