Fred’s closing July 31

BY RAY VAN COR

The Greenville Standard

 

Fred’s of Greenville and owner’s Randy and Cindy Beeson have been an iconic institution here since New Year’s Eve 1987.

Like many other icons in business such as Sears and Bargain Town, especially in this economic climate, are going the way of the Dodo. The retail franchise will close its doors July 31.

Alden Global Capital purchased 25% of Fred’s stock three years ago and anticipated purchasing part of another retail chain. When the acquisition failed it caused stock prices to drop considerably.

Alden acquired more stock and positions on the Board. However, with ever increasing competition and this economic climate Alden has begun closing stores and liquidating.

Of Fred’s stores 644 stores, 312 are to be closed and liquidated this year. The last 10 franchises will be closed by July 31.

Fred’s in Greenville has always been successful all these years in part to Randy and Cindy Beeson and their incredible staff. Service was fast and courteous and as always Randy would carry on with customers which endeared him to Greenville. We at The Standard wish them all God Speed they will be sorely missed.

5 Comments

  1. I’m going to miss Fred’s in Eclectic Alabama I love shopping there. on June 13, 2019 at 8:48 am

    I am going to miss Fred’s in Eclectic Alabama i love shopping there.

  2. I'm glad they closing on June 13, 2019 at 10:45 am

    I’m glad they arw closing. They have the nastiest attitudes in there. The young guy with the brown hair was the best one there. I pray he has success. The other workers all I will do is wave my hands.

  3. Smith on June 13, 2019 at 11:13 am

    Fred has always been known in the black community as very racist and very indignant to people of color I stop visiting that establishment years ago. Not sad to see them go! Good riddance.

  4. Catherine Darnell on June 13, 2019 at 2:08 pm

    Randy and Cindy, I am so sorry to hear that Fred’s is closing. I did a lot of shopping there and I got all my lawn mower parts there. I hope that you two will still be around Greenville and maybe someone will open a similar store there. Good luck on future ventures. God Bless!!

  5. Artistone on June 15, 2019 at 4:12 pm

    I love Fred’s. But this store in Greenville enployees are not friendly at all. Everytime i stop there on my way back home. I can’t get any eye contact from the workers. They seems to be into themselves. Talking and not helping the customers. The store isn’t. Clean like most Fred stores i have visit.

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