KEY POINTS
  • Discount retailer Fred's said Friday it will close another 129 stores and hold inventory clearance sales as the company works to repay its debt and diversify its product selection.
  • Fred's will have an estimated 80 retail stores and 166 pharmacies standing following its store closures.
  • In a press release, the company said all pharmacies would stay open and fill prescriptions.

Discount merchandise retailer Fred's announced on Friday that it will close another 129 stores and hold inventory clearance sales as the company works to repay its debt and diversify its product selection.