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Fred’s

Fred’s is shuttering 49 more outlets

MEMPHIS — Discount chain Fred’s Inc. announced that it will close an additional 49 underperforming stores as part of an ongoing effort to optimize store footprint. Pharmacies will remain open at all locations listed below — customers can continue to fill their prescriptions, receive vaccinations and purchase over-the-counter ­medications. Fred’s decision to close additional underperforming

Fred’s to close another group of stores

MEMPHIS — Fred’s will begin its latest round of shuttering underperforming and unprofitable stores, the company announced. The company also has retained PJ Solomon to advise it in connection with a review of strategic alternatives to maximize value for all shareholders. The review will include a thorough evaluation of the company’s current operating plan. The

Fred’s to begin closing stores

MEMPHIS — Fred’s Inc. announced earlier this month that it will begin to close underperforming and unprofitable stores. The company has retained PJ Solomon to advise it in connection with a review of strategic alternatives to maximize value for all shareholders. The review will include a thorough evaluation of the company’s current operating plan, as

Fred’s to begin closing unprofitable stores

Fred’s to begin closing unprofitable stores

MEMPHIS – Fred’s announced Thursday that it will begin to close underperforming and unprofitable stores. The company also has retained PJ Solomon to evaluate strategic alternatives to maximize value for all shareholders. The review will include a thorough evaluation of the company’s current operating plan, as well as all other potential alternatives to maximize value.

Walgreens buys pharmacy files from 185 Fred’s stores

DEERFIELD, Ill. — Walgreens and Fred’s have entered into a definitive asset purchase agreement, where Walgreens will purchase 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 Walgreens to Fred’s is $165 million, subject

Walgreens to buy pharmacy files from Fred’s

Walgreens to buy pharmacy files from Fred’s

DEERFIELD, Ill. — Walgreens and Fred’s announced on Monday 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 Walgreens to

Fred’s seeking to reset its cost structure

Fred’s seeking to reset its cost structure

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 the company reported financial results for the 2017 fourth quarter and fiscal year ended February 3. The company’s financial results were originally slated to be

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