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Hinesville Fred's store set for closure

Fred’s Inc., has announced that they plan to close 159 “under-performing stores” by the end of May. The press release listed the Hinesville store among those being scheduled for closure.

The statement noted that the retailer sought the advice of investment banking firm PJ Solomon to assess its options and hired a liquidation firm to help manage the closure process.

Fred’s Inc. currently has 557 stores nationwide. Of the 159 stores set for closure Mississippi, Alabama, Georgia and Tennessee are the states losing the most stores.

"After a careful review, we have made the decision to rationalize our footprint by closing under-performing stores, with a particular focus on locations with shorter duration leases," Fred’s CEO Joseph Anto said in the statement. "Most of these stores have near‐term lease expirations and limited remaining lease obligations."

Other Georgia closures include:

·         Adel: 1014 S Hutchinson Ave

·         Bainbridge: 1602 E Shotwell Street

·         Barnesville: 790 Veterans Parkway

·         Blakely: 800 Columbia Road

·         Brunswick: 5485 New Jesup Hwy

·         Calhoun: 325 Curtis Parkway Se

·         Camilla: 500 Us Highway 19 S

·         Cedartown: 550 N Main Street

·         Cleveland: 156 Wanderway Drive

·         Cordele: 102 E 14th Ave

·         Covington: 6179 Highway 278 Ne

·         Dillard: 7230 Highway 441 N

·         Hinesville: 767 Veterans Parkway

·         Jasper: 970 E Church Street

·         Kingsland: 925 E King Ave

·         Mcdonough: 1550 S. Zach Hinton Parkway

·         Quitman: 1315 W Screven Street

·         Ringgold: 1426 West 1Street North

·         Rivedale: 94 Upper Rivedale Road SW

·         Rome: 1916 Redmond Circle NW

·         Royston: 411 Smith Street

·         Swainsboro: 501 S Main Street

·         Thomasville: 2730 E Pinetree Boulevard

·         Tunnel Hill: 3593 Chattanooga Road

·         Zebulon: 9215 Highway 19 N


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