NB-PP_1170x120

Fred’s

Fred’s to move HQ from Tennessee to Texas

Fred’s to move HQ from Tennessee to Texas

MEMPHIS — Fred’s Inc. announced last month that it will soon be moving its corporate headquarters from Memphis to Dallas — a move that doesn’t come as a surprise. Fred’s, which is a general merchandise and pharmacy chain, recently listed job postings for a variety of positions, including director of human resources, corporate, digital marketing

Walgreens buys pharmacy files from Fred’s

Walgreens buys pharmacy files from Fred’s

DEERFIELD, Ill. and MEMPHIS, Tenn. — Walgreens and Fred’s announced today that they have entered into a definitive asset purchase agreement, where Walgreens will acquire pharmacy patient prescription files and related pharmacy inventory of 185 Fred’s stores located across 10 Southeastern states. Under the terms of the agreement, the aggregate consideration to be paid by

Fred’s pursuing sale of specialty pharmacy business

Fred’s pursuing sale of specialty pharmacy business

MEMPHIS — During its earnings call Friday, Fred’s Inc. announced it is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, as it reported financial results for the 2017 fourth quarter and fiscal year ended February 3. The company’s financial results were originally slated to be released

Fred’s looks to sell specialty pharmacy business

Fred’s looks to sell specialty pharmacy business

MEMPHIS — Fred’s Inc. has announced plans to sell its specialty pharmacy business. The disclosure led the company to delay publication of its fourth quarter and 2017 full-year results. An earnings call that was slated for today is now expected to be held May 4. A filing yesterday with the Securities and Exchange Commission says

Fred’s names successor to departing CFO

Fred’s names successor to departing CFO

MEMPHIS, Tenn. — Joseph Anto has joined Fred’s Inc. as executive vice president and chief financial officer, taking over from Jason Jenne, who is leaving the company. Anto comes to Fred’s from newspaper company MediaNews Group Inc. (DigitalFirst Media), where he was senior vice president of strategy and M&A. Jenne, who only served as Fred’s

Fred’s appoints new chairman, posts 2Q net loss

Fred’s appoints new chairman, posts 2Q net loss

MEMPHIS, Tenn. — Fred’s Inc. has named recently added board member Heath Freeman, president and founding member of Alden Global Capital LLC, as chairman. Also on Wednesday, Fred’s reported a net loss for its fiscal 2017 second quarter. Adjusted earnings per share (EPS) were in line with Wall Street’s forecast. Freeman, who joined the Fred’s board

Rite Aid, WBA move back FTC deadline

NEW YORK — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According to recent filings with the Securities and Exchange Commission, WBA and Rite Aid agreed to withdraw their initial Hart-Scott-Rodino (HSR) Antitrust Improvements Act

Fred’s Pharmacy sees sales dip in August

Fred’s Pharmacy sees sales dip in August

MEMPHIS, Tenn. — Fred’s Pharmacy reported decreased sales for August despite an improvement in comparable-store results. Fred’s said Thursday that sales for the four weeks ended Aug. 26 totaled $153 million, down 4.2% from $159.7 million a year earlier. The company attributed the decline mainly to the closing of 39 underperforming stores in the first

Fred’s unveils digital coupons, new mobile app

Fred’s unveils digital coupons, new mobile app

MEMPHIS, Tenn. — Fred’s Pharmacy has launched digital coupons and a new mobile app that the retailer said makes the e-coupons easier to use. Fred’s said late Monday that hundreds of digital coupons will be available, including for brand-name products with “discounts over and above Fred’s everyday low prices.” Customers will also receive exclusive deals

What’s next for WBA, Rite Aid and Fred’s

What’s next for WBA, Rite Aid and Fred’s

Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. announced on June 29 that their merger is off, which goes to show you that nothing is certain in the world of retail mergers and acquisitions, especially with the U.S. government involved. The long and somewhat tumultuous process of WBA’s proposed acquisition of Rite Aid, which

WBA, Rite Aid to reset waiting period for store deal

WBA, Rite Aid to reset waiting period for store deal

NEW YORK — Walgreens Boots Alliance Inc. and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According filings with the Securities and Exchange Commission yesterday, WBA and Rite Aid agreed to withdraw their initial Hart-Scott-Rodino (HSR) Antitrust Improvements Act notification and

What the new WBA-Rite Aid deal means

What the new WBA-Rite Aid deal means

NEW YORK — With the acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. (WBA) now canceled and replaced by a smaller transaction, the chain drug landscape will retain a more familiar look. Nonetheless, all three parties to the original deal, which involved the purchase of 865 Rite Aid locations by Fred’s Inc., will

Jenne becomes CFO at Fred’s

MEMPHIS — Fred’s Inc. has appointed Jason Jenne as chief financial officer. He succeeds Rick Hans, who is leaving to pursue other opportunities. Hans will remain in an advisory capacity until August 18 to ease Jenne’s transition. “Jason’s leadership experience and in-depth knowledge of finance and operations ideally qualify him to be the next chief

1 2 3 6