Store closing sales at 264 Fred’s locations across the Southeast, supervised by SB360 Capital Partners, will run through the Memorial Day weekend.
As the consultant retained by Fred’s to conduct the store closing sales, SB360 will continue increasing discounts across all departments as the inventory sell off continues. The first group of shuttering 159 Fred’s stores began store-closing sales in April, and those will be winding down in a matter of days, SB360 noted. The second group, consisting of 105 Fred’s stores, is in its second week of closing sales.
Fred’s closed the last complete fiscal year operating 557 stores.