Discount retailer Fred's files for Chapter 11 protection; shares dive
Fred's Inc said on Monday it has filed for Chapter 11 bankruptcy protection, months after the pharmacy and discount retailer began shuttering hundreds of unprofitable stores in the United States, sending its shares down 44% before the bell.
Discount retailer Fred's files for Chapter 11 protection; shares dive
Fred's Inc said on Monday it has filed for Chapter 11 bankruptcy protection, months after the pharmacy and discount retailer began shuttering hundreds of unprofitable stores in the United States, sending its shares down 44% before the bell.