Fred’s, Inc. has announced that it will be closing stores in Nashville and DeQueen. The company says it will be closing 129 retail stores, leaving only 80 stores remaining. All pharmacies will remain open at this time. Company officials said they expect proceeds from the inventory clearance sales to be enough to repay outstanding indebtedness under its revolving credit agreement. The Fred’s retail store in Nashville has posted a for sale sign in front of the building.