159 Fred’s stores closing, including those in Center Point, Hoover
From The Trussville Tribune staff reports
CENTER POINT — The Fred’s retail store in Center Point is among the 159 locations closing nationwide.
The Memphis-based company announced the move Thursday. Fred’s CEO said the 557-store chain may seek to restructure or sell the whole company.
The 159 underperforming stores will start “going out of business” sales starting Thursday.
Other Alabama locations closing include Hoover, Anniston, Hueytown, Talladega, Sylacauga and Roanoke.
The closing stores represent nearly 29% of Fred’s 557 stores and are located in 13 states, with Mississippi, Alabama, Georgia and Tennessee losing the most stores.
For a complete list of closing stores, click here.