SB360 Capital Partners has renewed its agreement to work as the exclusive consultant to conduct “store closing” sales for Fred’s and will begin sales in 129 new locations today.
Fred’s added the 129 underperforming locations as part of a continued evaluation of their store portfolio.
Fred’s Pharmacy locations will be unaffected by the closures.
Beginning in early April of this year, SB360 has partnered with Fred’s management, market leaders, and store teams to conduct store closing sales. The most recent group of 49 Fred’s stores will wrap up sales in the next few weeks.
“Fred’s stores are well-known local community stores. Loyal Fred’s shoppers know these stores carry all of the everyday essentials they need. They quickly clear the shelves when they see the Store Closing discounts offered off Fred’s already low prices,” said Aaron Miller, Executive Vice President of SB360.
