MEMPHIS, Tenn. — Fred’s on Friday posted a sales decline of 4.2% to $153 million for the four-week fiscal month ended Aug. 26. The decrease in total sales is related primarily to the closure of 39 underperforming stores in the first quarter, the company reported.
MEMPHIS, Tenn. — Fred's Pharmacy on Monday launched a digital coupon offering along with a new mobile app that makes using those digital coupons easy and convenient.
MEMPHIS, Tenn. — Fred’s has a new addition to its board of directors. The company on Monday announced the appointment of Alden Global Capital founding member and president Heath Freeman to the board, effective at its next meeting, which will be held on or before Aug. 29.
Freeman joins the board as part of Fred’s and Alden’s extension of their cooperation agreement into 2019 that includes updated terms about their collaborative efforts to drive shareholder value.