Business: Fred’s stores in West Rome, Cedartown, Calhoun, Centre closing next month.

Business: Fred’s stores in West Rome, Cedartown, Calhoun, Centre closing next month.

Fred’s in Cedartown, courtesy of WGAA.

 

Fred’s is closing 159 stores across the country, including locations at 1916 Redmond Circle in Rome, 550 N. Main St. in Cedartown, 325 Curtis Parkway in Calhoun and in Centre.

That news came in a company press release shared by WGAA in Cedartown. It reads:

Joseph Anto, Fred’s Chief Executive Officer, stated: “After a careful review, we have made the decision to rationalize our footprint by closing underperforming stores, with a particular focus on locations with shorter duration leases.  Most of these stores have near-term lease expirations and limited remaining lease obligations.  Decisions that impact our associates in this way are difficult, but the steps we are announcing are necessary.  We will make every effort to transition impacted associates to other stores where possible.”

Fred’s intends to close all 159 impacted stores by the end of May 2019.

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