Fred’s Files for Bankruptcy Protection, Plans to Close All Stores

Executive Summary

On September 9, 2019, retail discounter Fred’s announced that it had filed for Chapter 11 bankruptcy protection and plans to close all its stores.

• The company will begin to wind down operations and close locations over the next 60 days.
• As of May 4, 2019, Fred’s had 556 stores in 15 states in the US, including 169 with full-service pharmacies.