August 29, 2017 by Bill Schiffner
Fred's, Fred's digital coupons, Fred's Mobile App, Fred's Pharmacy, Mary Lou Gardner
Leading Headlines, Retail News, Technology
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
August 19, 2017 by Brian Owens and Chain Drug Review
Brian Owens, Fred's, Fred's Pharmacy, Kantar Retail, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Featured Articles, Leading Headlines, Opinion
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
August 17, 2017 by Chain Drug Review
Fred's, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
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
August 7, 2017 by Greg Jacobson and Chain Drug Review
Fred's, John Standley, Rite Aid, Stefano Pessina, Walgreens Boots Alliance, Walgreens-Rite Aid merger, WBA-Rite Aid deal
2017, Issue 08-07-2017, Issues, News
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
August 7, 2017 by Mark Baumgartner and Chain Drug Review
Fred's, Jason Jenne, Mike Bloom, Rick Hans
2017, Issue 08-07-2017, Issues, News
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
July 6, 2017 by Chain Drug Review
Fred's, Fred's Pharmacy, Michael Bloom, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Pharmacy reported decreased revenue and same-store sales for June but noted positive results in its pharmacy business. Fred’s said Thursday that for the five weeks ended July 1, sales totaled $197.5 million, down 5.3% from $208.5 million a year earlier. The company attributed the decline the closing of 39 underperforming stores
July 5, 2017 by Chain Drug Review
Fred's, Fred's Pharmacy, Mary Lou Gardner, Nielsen, Rob Hill
Supplier News, Technology
NEW YORK — Nielsen has renewed its data insights and analytics services pact with Fred’s Inc., expanding the companies’ long-term relationship. Under the agreement, Nielsen will become the exclusive account-level data provider for Fred’s Pharmacy, covering metrics for all 601 Fred’s discount general merchandise stores in 15 states across the southeastern United States, as well
June 30, 2017 by Chain Drug Review
Fred's, Walgreens-Rite Aid deal
Leading Headlines, Retail News
MEMPHIS — The overhaul of Fred’s Inc. will continue despite the collapse of its pending purchase of 865 stores in connection with the now abandoned Walgreens-Rite Aid merger, the regional chain said yesterday. “While the acquisition of additional stores was an opportunity for growth, we always viewed it as a potential outcome that would accelerate
June 30, 2017 by Chain Drug Review
Fred's, Rite Aid, video, Walgreens Boots Alliance, Walgreens-Rite Aid merger, WBA-Rite Aid deal
Videos
Twenty months ago, Walgreens Boots Alliance announced a $17.2 billion deal to acquire Rite Aid Corp. On Thursday, in the wake of a protracted antitrust review by the Federal Trade Commission, the two companies opted to call of the Walgreens-Rite Aid merger and struck a new agreement. Under the new deal, WBA is slated to
June 13, 2017 by Chain Drug Review
Federal Trade Commission, Fred's, Fred's Pharmacy, Rite Aid, Walgreens, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Pharmacy has procured $550 million in additional funding for its deal to buy up to 1,200 Rite Aid stores in connection with the Walgreens-Rite Aid merger. In an 8-K filing with the Securities and Exchange Commission yesterday, Fred’s said that for a second time it has amended and restated a commitment
June 9, 2017 by Chain Drug Review
Capital Forum, Federal Trade Commission, Fred's, John Standley, Ken Martindale, Walgreens, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Leading Headlines, Retail News
NEW YORK — The Federal Trade Commission is readying a lawsuit to block the Walgreens-Rite Aid merger deal, according to published reports. Citing policy news service Capital Forum, which analyzes the antitrust review of mergers and acquisitions, Investors Business Daily said on Friday that the FTC was “preparing advice” to take action against the transaction,
June 7, 2017 by Chain Drug Review
Fred's, John Standley, Ken Martindale, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be
June 5, 2017 by Geoff Walden and Chain Drug Review
Federal Trade Commission, Fred's, John Standley, Rite Aid, Stefano Pessina, Walgreens Boots Alliance, Walgreens-Rite Aid merger
2017, Issue 06-05-2017, Issues, News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has taken action to force the hand of federal regulators deciding whether to approve its pending acquisition of Rite Aid Corp. WBA and Rite Aid last month notified the Federal Trade Commission that they have complied with the agency’s second request for information on the deal. While
June 5, 2017 by Mark Baumgartner and Chain Drug Review
American Heart Association, Colon Cancer Awareness Month, EZ Detect screening kits, Fred's, Heart Disease Awareness campaign, Tim Leibmann
2017, Issue 06-05-2017, Issues, News
MEMPHIS, Tenn. — For the fifth consecutive year, Fred’s Inc. recognized Colon Cancer Awareness Month by giving away free at-home EZ Detect screening kits designed to detect signs of colon cancer and rectal cancer in the early stages, when they are most treatable. The retailer, which operates 601 pharmacy and general merchandise stores in 15