Fred’s Inc.Fred’s chief executive officer Jerry Shore

Fred’s results improve in fourth quarter, year

Fred’s results improve in fourth quarter, year

MEMPHIS — Fred’s Inc. reported improved results for its fiscal 2015 fourth quarter and fiscal year on Wednesday. The company also announced that Michael Hayes, 74, is slated to step down as chairman of the board of directors on April 15, to be succeeded by director Thomas Tashjian, 61. Hayes will become chairman emeritus and