Heath Freeman

Fred’s seeking to reset its cost structure

May 4, 2018 by Featured Articles, Leading Headlines, Retail News

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

September 6, 2017 by Leading Headlines, People, Retail News

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