Fred’s Inc. announced April 11 it expects to close at least 159 “underperforming” stores by the end of May. There will be closure in 13 states total, including the Natchitoches location.
Natchitoches Fred’s location among nationwide store closures
Such closings have impacts on small towns like Natchitoches. Loss of jobs, and tax revenue for city/parish. Makes commercial space available, but for who?
However, this is the new reality. The world economy is changing. E-commerce continues to erode traditional brick & mortar retail. And, raise the minimum wage to something close to $15/hr and watch the tidal wave of closures, whoa!
Fred’s on the east end of Dixie Plaza, and Payless on the west end both closing in nationwide shutdowns. Oddly, online shopping is helping Walmart gain ground. It’s killing competition.