The Texas-side Fred’s Discount Store is closing its doors as part of a companywide financial restructuring.

“We announced the closing of 75 underperforming locations chainwide, and unfortunately that includes the Texarkana, Texas, store,” said Ursula Roman, Fred’s marketing director. “The closing stores weren’t meeting operating profit objectives to remain open.”

The discount store chain, established in 1947, has nearly 700 remaining stores. Its Texarkana, Ark., location is not slated for closing.

The Texas store is still operating and no official closing da...

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