jaF0
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"Fred's opened its first store in 1947 in Mississippi. It later expanded its footprint across the United States with the idea of becoming a value-focused retailer and drug store. It sells both private labels and national brands.
Fred's is the latest store to enter bankruptcy or to completely shut its doors. Forever 21, Barney's, Charming Charlie, Payless Shoes and Gymboree have all had reports of or confirmed financial difficulties this year.
This year, retailers have announced 8,000 stores closures — and counting. That number already exceeds last year's total of 5,864 closure announcements, according to a report from Coresight Research. The firm forecasts as many as 12,000 stores will close by the end of the year."
https://www.cnn.com/2019/09/09/business/freds-bankruptcy-closures/index.html
Fred's is the latest store to enter bankruptcy or to completely shut its doors. Forever 21, Barney's, Charming Charlie, Payless Shoes and Gymboree have all had reports of or confirmed financial difficulties this year.
This year, retailers have announced 8,000 stores closures — and counting. That number already exceeds last year's total of 5,864 closure announcements, according to a report from Coresight Research. The firm forecasts as many as 12,000 stores will close by the end of the year."
https://www.cnn.com/2019/09/09/business/freds-bankruptcy-closures/index.html