Fred’s, Inc. announced it will begin to close an additional 104 underperforming stores as part of an ongoing effort to rationalize its store footprint. Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company's store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors. Liquidation sales at the 104 stores designated for closure will begin May 16, 2019 while the Company’s other stores will remain open. Fred’s intends to close all 104 impacted stores by the end of June 2019.