March 7, 2017 by Chain Drug Review
Christopher Bodine, Fred's, Fred's board, Fred's Pharmacy, Fred’s Pharmacy board of directors, Jerry Shore, John Eisenman, Michael Bloom, Michael Hayes, Peter Bocian, Rite Aid, Thomas Tashjian, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. has overhauled its board of directors, including the appointment of chief executive officer Michael Bloom and retail industry veterans Christopher Bodine and Peter Bocian as members. Fred’s said Tuesday that Bloom, Bodine and Bocian join the board effective immediately. Former Fred’s CEOs Jerry Shore and Michael Hayes and longtime director
March 2, 2017 by Chain Drug Review
Fred's, Michael Bloom
Business, Leading Headlines, Retail News
MEMPHIS, Tenn. — Despite a lift from its pharmacy business, Fred’s Inc. posted decreased revenue and same-store sales for February. The discount and pharmacy chain said Thursday that for the four weeks ended Feb. 25, sales totaled $165.4 million, down 3.5% from $171.4 million a year earlier. Comparable-store sales for February fell 4%, compared with
February 14, 2017 by Chain Drug Review
Fred's, Gregory Froton, Kimberley Felice-Dooley, Michael Bloom, Steve Wuebker
Business, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. has appointed senior vice presidents for general merchandise and consumables merchandising, including the hiring of a former CVS Health executive, and named a senior vice president to oversee its supply chain. The discount and pharmacy retailer said late Monday that Gregory Froton has joined the company as senior VP of
February 2, 2017 by Chain Drug Review
Fred's, Michael Bloom, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Sales continued to slide at Fred’s Inc., as the discount and pharmacy retailer reported decreases for its fiscal 2016 fourth quarter and full year and January 2017. Fred’s said Thursday that January sales totaled $148.1 million, down 5.6% from $156.9 million a year earlier. Same-store sales for the month fell 4.8%, compared
January 6, 2017 by Chain Drug Review
Fred's, Michael Bloom
Business, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. saw revenue and same-store sales decrease in December. The discount store and pharmacy chain said that for the five weeks ended Dec. 31, sales totaled $222.9 million, down 3.9% from $232 million a year earlier. For the month, same-store sales fell 3.4% versus a gain of 2.4% in the prior-year period.
November 3, 2016 by Chain Drug Review
Fred's, Michael Bloom
Business, Leading Headlines, Retail News
MEMPHIS, Tenn. — Sales continued to slump at Fred’s Inc. as the company posted declines for October. Fred’s said Thursday that revenue for the four weeks ended Oct. 29 totaled $157.3 million, down 4.2% from $164.2 million a year earlier. Same-store sales decreased 3.4%, compared with a 2.3% uptick a year ago. “While we continue
October 6, 2016 by Chain Drug Review
Deutsche Bank Securities, Fred's Pharmacy, Fred’s Inc., Michael Bloom, Paul Trussell
Business, Leading Headlines, Retail News
MEMPHIS, Tenn. — Impacted by pricing pressure and pharmacy industry trends, Fred’s Inc. reported decreased revenue and same-store sales for September. The discount retail and pharmacy chain said Thursday that for the five weeks ended Oct. 1, sales totaled $199.9 million, down 5.5% from $211.4 million a year earlier. Same-store sales fell 4.9% for September,
September 1, 2016 by Chain Drug Review
Fred's, McLane, Michael Bloom, Tony Frankenberger
Business, Leading Headlines, Retail News
TEMPLE, Texas — Fred’s Inc. has entered a multiyear primary distribution contract with McLane Co. McLane said Thursday that the new agreement, which starts in October, will consolidate the efforts of 60-plus distributors serving Fred’s 651 discount and pharmacy stores. The contract, the length of which wasn’t disclosed, includes the distribution of refrigerated and frozen
August 30, 2016 by Chain Drug Review
Craig Barnes, Fred's, Jerry Shore, Michael Bloom, Rick Chambers, Thomas Tashjian, Timothy Liebmann
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. president and chief operating officer Michael Bloom has been named as chief executive officer, succeeding Jerry Shore, who is retiring. Bloom takes the CEO reins effective immediately, and plans call for Shore to retire from the company in February, Fred’s said Tuesday. “I am honored and humbled to be given
August 19, 2016 by Chain Drug Review
Fred's, Jerry Shore, MedImpact Healthcare Systems, Michael Bloom, Rick Chambers, SUNRx, Timothy Liebmann
Featured Articles, Leading Headlines, Pharmacy, Retail News
MEMPHIS, Tenn. — Timothy Liebmann has been promoted to chief operating officer of pharmacy, a newly created position, at Fred’s Inc. Fred’s said late Thursday that Liebmann succeeds Rick Chambers, executive vice president of pharmacy operations, who is retiring. Liebmann joined Fred’s in June as vice president of pharmacy services. “We are indeed grateful to
August 17, 2016 by Chain Drug Review
Bryan Pugh, Fred's, Jerry Shore, Mary Lou Gardner, Michael Bloom
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — Bryan Pugh has resigned as chief merchant at Fred’s Inc. and has been replaced by Mary Lou Gardner. Fred’s said late Tuesday that Gardner takes over Pugh’s role as executive vice president and chief merchandising and marketing officer effective immediately. She has served as senior vice president of strategy and project management