Fred’s closing 159 stores nationwide; four in Acadiana

News
Free_1555469695497.jpg

Fred’s, Inc., has announced that it is closing 159 stores, including four in Acadiana.  

The Lafayette store on West Congress Street, Carencro store on Veterans Drive, Franklin store on West Main Street and the St. Martinville store on South Main Street will close by the end of May, company offiicals announced. 

The company made the decision to close “underperforming stores” following an evaluation of the stores’ portfolios, “including historical and recent store performance and the timing of lease expirations, among other factors.”

The Memphis-based retailer operates about 600 general merchandise and pharmacy stores, including 13 franchised locations.

To see a complete list of store closures: click here

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local News

More Local