May 14, 2018 by Chain Drug Review
Fred's Pharmacy, Mike Bloom
Issue 05-14-2018
MEMPHIS — Mike Bloom resigned late last month as chief executive officer of struggling Fred’s Inc. Secretary and chief financial officer Joseph Anto was named interim CEO. The resignation came after the chain postponed the release of its fourth quarter and 2017 full-year results. The retailer pushed back the release date when it announced plans
April 18, 2018 by Chain Drug Review
earnings, Fred's, Mike Bloom, specialty pharmacy
Featured Articles, Leading Headlines, Pharmacy, Retail News
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
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
April 22, 2017 by Scot Meyer and Chain Drug Review
Fred's, Mike Bloom, Rite Aid, Stefano Pessina, Walgreens Boots Alliance
2017, Issue 04-24-2017, Issues, News
NEW YORK — Walgreens Boots Alliance Inc. (WBA) executive vice chairman and chief executive officer Stefano Pessina has expressed confidence that the company’s planned merger with Rite Aid Corp. will be approved by the end of July. “I am still optimistic that we will bring this deal to a successful conclusion, but there is no
April 3, 2017 by Brian Bossetta
Christopher Bodine, CVS Caremark, Fred's, Mike Bloom, Peter Bocian, Safeway, Thomas Tashjian
2017, Issue 04-03-2017, Issues, News
MEMPHIS — Fred’s Inc. recently announced three new members — industry veterans Christopher Bodine, Peter Bocian and Mike Bloom — to its board of directors. At the same time, the company announced the retirement of Michael Hayes, John Eisenman and Jerry Shore from the board. During his 24-year tenure at CVS Caremark Corp., Bodine held
February 27, 2017 by Greg Jacobson and Chain Drug Review
Fred's Pharmacy, Fred’s Inc., Gregory Froton, Kimberley Felice-Dooley, Mike Bloom, Steve Wuebker
2017, Issue 02-27-2017, Issues, News
MEMPHIS — Fred’s Inc. has strengthened its executive leadership team with two recent hires and a promotion. Most recently the regional discount and drug chain added Gregory Froton as senior vice president of merchandising, general merchandise, and promoted Kimberley Felice-Dooley to the position of senior vice president of merchandising, consumables. In December the company appointed
January 2, 2017 by Jeffrey Woldt and Chain Drug Review
Fred's, Jeffrey Woldt, John Standley, Ken Martindale, Mike Bloom, Rite Aid, sale of the Rite Aid stores to Fred’s, Stefano Pessina, Walgreens Boots Alliance, Walgreens-Rite Aid merger
2017, Issue 01-02-2017, Issues, Opinion
The agreement struck last month for the sale of 865 Rite Aid Corp. drug stores to Fred’s Inc. is a momentous development for those companies, as well as Walgreens Boots Alliance, which after 14 months is still working to finalize the acquisition of Rite Aid. The $950 million all-cash deal will bring Fred’s stores and
December 23, 2016 by CDR Blog and Chain Drug Review
Brian Tanquilut, Fred's, Jefferies, Mike Bloom, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger
CDR Blog
Though Fred’s name came up in the buzz surrounding the Walgreens-Rite Aid merger talks with the FTC, the Southeastern retailer’s move to buy 865 Rite Aid stores for $950 million in cash from Walgreens Boots Alliance (WBA) still was surprising. After all, not even two weeks ago, Fred’s reported poor third-quarter results (including a net
December 9, 2016 by Chain Drug Review
Fred's, Mike Bloom, Rick Hans, Rite Aid, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
MEMPHIS, Tenn. — In reporting a net loss for its fiscal 2016 third quarter, Fred’s Inc. said it plans to shut 40 underperforming stores in the first half of next year. Fred’s also announced at the start of its earnings call Thursday that it wouldn’t take any questions from analysts following its quarterly report —
September 12, 2016 by Geoff Walden and Chain Drug Review
Bryan Pugh, Craig Barnes, Fred's, Jerry Shore, Mary Lou Gardner, Mike Bloom, Rick Chambers, Thomas Tashjian, Timothy Liebmann
2016, Issue 09-12-2016, Issues, News
MEMPHIS — Mike Bloom has been named chief executive officer of 651-store Fred’s Inc. He succeeds Jerry Shore, who is retiring. Bloom, who joined Fred’s as president and chief operating officer in January 2015, has worked closely with Shore on building a strong management team to ensure a smooth and effective transition. Bloom will lead
March 26, 2015 by Chain Drug Review and Chain Drug Review
Bryan Pugh, Fred’s Inc., Jerry Shore, Mike Bloom, Walgreens
Leading Headlines, Retail News
MEMPHIS, Tenn. — Former Walgreen Co. executive Bryan Pugh has been hired by Fred’s Inc. as chief merchandising and marketing officer. The discount general merchandise chain said late Wednesday that Pugh will develop new merchandising and marketing strategies and processes as well as enhance current ones. He will also be tasked with promoting stronger supplier
February 2, 2015 by Geoff Walden and Chain Drug Review
chief operating officer, COO, CVS, Family Dollar Stores, Fred’s Inc., Jerry Shore, Mike Bloom, president, Shoppers Drug Mart
2015, Issue 02-02-2015, News
MEMPHIS, Tenn. — Former CVS and Family Dollar Stores Inc. executive Mike Bloom has become president and chief operating officer of small-box discounter Fred’s Inc. “Our board of directors views this senior management addition as an important step in the process of developing the Fred’s team of the future,” said company chairman Michael Hayes. “The hiring
February 2, 2015 by Jeffrey Woldt and Chain Drug Review
Bartell Drugs, Bartell family, Canadian operations, chain drug industry, CVS Health, Dollar Tree, Family Dollar, Fred's, Jeffrey Woldt, Mike Bloom, NACDS, National Association of Chain Drug Stores, RediClinic, retail pharmacy, Rite Aid, RxImpact Day, Target, Walgreens Boots Alliance, Walmart
2015, Issue 02-02-2015, Opinion
The new year is just over a month old and already the chain drug industry has seen its fair share of noteworthy events. Walgreens Boots Alliance had a coming out party, opening trading at NASDAQ and unveiling its new corporate logo; Brian Unmacht became the first person outside the Bartell family to serve as president