Discount chain plans to close 253 stores including 1 in Central Texas

MGN File
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MCGREGOR, Texas (KWTX) Fred’s, a discount general store and pharmacy, has announced the closure of an additional 104 stores across the U.S.

In April the company announced it was closing 159 stores including one in at 1000 South Main St. in McGregor.

The company made the decision to close underperforming stores following an evaluation of the stores’ portfolios, “including historical and recent store performance and the timing of lease expirations, among other factors," according to a press release.

Liquidation sales are expected to begin immediately.