There are 15 article(s) tagged Fred's Inc:

• August 2019

  • The rise and fall of Coldwater's pride, Fred's Inc.

    Fred's Inc. grew from a single store in downtown Coldwater, Mississippi, in 1947 to a chain of 700 stores across the Southeast, but is it being downsized out of existence?

    By Wayne Risher August 12, 2019

• July 2019

  • Fred's to close another 129 stores

    Fred's is set to close an additional 129 stores and hold inventory clearance sales across all stores. 

    By Natalie Martin July 12, 2019

  • Fred's amends forbearance agreement a second time

    Memphis-based discount retailer Fred’s Inc. has amended a forbearance agreement with its lenders again.

    By The Daily Memphian Staff July 12, 2019

  • Fred's sells Memphis headquarters property to Olymbec USA

    Financially troubled discount retailer Fred's Inc. has sold its 57-acre complex of industrial, office and retail space to a Canadian-based real estate company that is bullish on Memphis.

    By Tom Bailey July 12, 2019

• June 2019

  • Fred's losses grow to $33.9 million

    Fred’s Inc.’s losses continue to grow. The Memphis-based discount retailer reported a net loss of $33.9 million for the quarter ended May 4

    By The Daily Memphian Staff June 18, 2019

  • Fred's files WARN notice to lay off 155 workers

    Fred’s Inc. filed a WARN notice with the Tennessee Department of Labor and Workforce Development’s Dislocated Worker Unit June 14 to lay off 155 employees.

    By Natalie Martin June 17, 2019

  • Fred’s tells SEC it will be late filing quarterly report

    Memphis-based discount retailer Fred’s Inc. has delayed filing its quarterly report for the period ended May 4 due to reporting changes that occurred recently requiring more detailed information on leases.

    By The Daily Memphian Staff June 14, 2019

• May 2019

  • Fred's to close another 104 stores by end of June

    Fred’s Inc. announced Thursday the company will begin to close an additional 104 underperforming stores.  

    By Natalie Martin May 16, 2019

  • Fred's SEC filing notes 'substantial doubt' about company's future

    Fred’s Inc. reported a loss of $137 million for fiscal 2018 and continues to look at its shrinking store footprint and liquidity issues.

    By Natalie Martin May 06, 2019

• April 2019

  • Fred's delays filing its annual report

    A week after announcing it would close 159 stores, Fred's Inc. notified federal regulators it would miss the filing deadline for its annual report.

    By The Daily Memphian Staff April 20, 2019

  • Fred's to close 159 stores by end of May

    Memphis-based Fred’s Inc. announced Thursday 159 underperforming stores will close by the end of May. The decision follows a comprehensive evaluation of the company’s store portfolio.

    By Natalie Martin April 11, 2019

  • Fred's Inc. hires advisory firm as it looks to close stores

    Fred’s Inc. has hired advisory firm Malfitano Partners to help identify underperforming stores to close. 

    By Natalie Martin April 08, 2019

• February 2019

  • Daily Briefs

    • Shelby County Court Clerk to appear before State Supreme Clerk on expungement case
    • Alpha Kappa Alpha pledges $100,000 endowment to LeMoyne-Owen
    • Sales, net income rise at Mueller Industries
    • Memphis woman to be guest at President Trump's State of the Union address
    • Building permit filed for Germantown location of The Container Store
    • Juvenile Court monitor to submit final report
    • Fred's Inc. announces appointment of CEO and three other top executives

    By The Daily Memphian Staff February 05, 2019

• January 2019

  • Fred's receives $177 million in Walgreens asset purchase deal

    Fred’s Inc. has received $156.1 million in cash plus $20.6 million for inventory as part of an asset purchase deal that has been completed with Walgreens.

    By Natalie Martin January 25, 2019

• November 2018

  • Fred’s reports $68 million payment in deal with Walgreens

    Walgreen Co. has paid rival pharmaceutical chain Fred’s Inc. $68 million as part of a larger agreement between the companies, according to a release Wednesday, Nov. 28.

    By Patrick Lantrip November 28, 2018