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Discount Chain Fred’s Files Bankruptcy, Will Close All Stores

Sourcing Summit NY — Join us on Oct. 17 for the must-attend apparel supply chain conference.

Fred’s has filed a voluntary Chapter 11 bankruptcy proceeding so it can conduct an orderly wind-down of operations. The discounter has been operating stores throughout the southeastern United States since 1947. Fred’s uses a value-discount store format that offers value prices on everyday items, along with deals on closeout merchandise. “Despite out team’s best efforts,…

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