Fred’s Inc., which once operated hundreds of discount stores and pharmacies across the southeastern United States, said Monday that it was filing for Chapter 11 bankruptcy and closing its fewer than 200 remaining stores.
Fred’s closed its Magnolia store in late June.
Liquidation sales have begun at the remaining stores. The company hopes to find a buyer for its pharmacies, and will continue filling prescriptions at those pharmacies.
The company is closing these remaining stores in Arkansas:
Bald Knob, Beebe, Brinkley, Cherokee Village, Clarksville, De Queen, Dumas, Hamburg, Harrisburg, Heber Springs, Morrilton, North Crossett (pharmacy), Piggott, Star City, Vilonia, Warren, West Helena, West Memphis and Yellville.
Stores closing in North Louisiana:
Arcadia, Columbia, Haughton, Homer, Lake Providence, Ringgold and Springhill.
The Magnolia store at 300 W. Main has 20,520 square feet. The vacant building next to it, the former Burke’s store, has 15,300 square feet. Only Aaron’s remains in the shopping center, which was the first location of Walmart in Magnolia. The local Chick-a-Dilly restaurant occupies an outbuilding on the property.
Email us at email@example.com