On September 9, 2019 Fred's announced that it was seeking liquidation under Chapter 11 of the US Bankruptcy Code and would close all remaining locations and liquidate all remaining merchandise and fixtures.
312 stores closed https://moneywise.com/a/retailers-closing-stores-in-2019
Sad but true https://wreg.com/2019/06/17/freds-plans-to-lay-off-155-workers/
Fred's has recently let go of most of its full time employees who are not in management. This was a surprise move with the employees all finding out the day the decision was made. Fred's used to be known where I live for great customer service and... — read more
Many locations to close, read more here: https://www.dnj.com/story/money/business/2018/09/11/freds-lay-off-80-sell-185-pharmacies/1266464002/?asdk9asd842284DKIF9042429ads8290245784-24828442-pnpirIURR9031309-pnpirIURR9031309-pnpirIURR9031309
Hearing rumors that Fred's is for sale and might get scooped up by a big pharmacy chain. Any truth to these rumors?
Nothing more to add here - Love the shop, good folks