Summary Big Lots Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Big Lots Inc (Big Lots) is a home discount retailer. The company offers a wide range of merchandise categories such as electronics, apparel, food, furniture, soft home, hard home, and seasonal products. It...
Fred’s Commences Voluntary Chapter 11 Proceedings Seeks Court Approval to Enter into $35 Million Proposed Debtor-in-Possession Financing Agreement All Fred’s Locations to Commence Liquidation Sales DALLAS, Texas, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Fred's, Inc. (NASDAQ:) today announced that the Company has filed for voluntary relief under chapter 11 of the Bankruptcy Code (“Chapter 11”) in the U.S. Bankruptcy Court for the District of Delaware (the “U.S. Bankruptcy Court”). The Company has also filed a motion seeking interim and final approval of the U.S. Bankruptcy Court to en...
Fred’s to Close an Additional 129 Stores and Hold Inventory Clearance Sales Across All Stores Encourages Customers to Take Advantage of Unique Value-Priced Shopping Opportunities Pharmacies to Remain Open MEMPHIS, Tenn., July 12, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced that it will close an additional 129 retail stores and hold inventory clearance sales across all stores in an effort to refocus its product mix, simplify its store portfolio and repay debt. Following the planned 129 closures, Fred’s will have approximately 80 retail stores remaining, ce...
Fred's Closing 49 Underperforming Stores; Pharmacies to Remain Open MEMPHIS, Tenn., June 21, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced 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 stores follows a continued evaluation of the Company's store portfolio, including historica...
Fred’s Reports First Quarter 2019 Results MEMPHIS, Tenn., June 19, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) reported financial results for the first quarter ended May 4, 2019. Except as otherwise noted, the comparable results from the prior year contained herein have been adjusted for discontinued operations related to the sale of Fred’s specialty pharmacy business to an affiliate of CVS Health Corporation and certain assets of Fred’s retail pharmacy business to Walgreen Co. The amounts and percentages presented below, for all periods, reflect the results of operations and fin...
Fred’s, Inc. Announces $10,000 Cash Prize Sweepstakes Southeastern retailer launches exciting summer sweepstakes MEMPHIS, Tenn., June 04, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced the Company is launching the first Fred’s Cash Sweepstakes. Shoppers can text in a photo of their receipt to 22639 for a chance to win one of 300 $50 gift cards or the grand prize of $10,000! Michael Ladd, Chief Stores Officer at Fred’s Inc., said, “This is an exciting time in our stores. Customers can stack chances to win these incredible prizes on top of tremendous storewide sav...
Fred’s to Close 104 Underperforming Stores in the Southeast MEMPHIS, Tenn., May 16, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced it will begin to close an additional 104 underperforming stores as part of an ongoing effort to rationalize its store footprint. Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company's store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors. Liquidation sales at the 104 stores designated for closure will begin today w...
Fred’s Reports Fourth Quarter and Fiscal Year 2018 Results MEMPHIS, Tenn., May 06, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) reported financial results for the fourth quarter and fiscal year ended February 2, 2019. Except as otherwise noted, the results contained herein have been adjusted for discontinued operations related to the sale of Fred’s specialty pharmacy business to an affiliate of CVS Health Corporation and certain assets of Fred’s retail pharmacy business to Walgreen Co. The amounts and percentages presented below, for all periods, reflect the results of operations ...
Fred’s Sets Fourth Quarter 2018 Conference Call for Monday, May 6, 2019, at 8:00 a.m. ET MEMPHIS, Tenn., May 03, 2019 (GLOBE NEWSWIRE) -- Fred's, Inc. (NASDAQ: FRED) will hold a conference call on Monday, May 6, 2019, at 8:00 a.m. Eastern Time to discuss its financial results for the fourth quarter and fiscal year ended February 2, 2019. The company will report its financial results in a press release prior to the call. Date: Monday, May 6, 2019Time: 8:00 a.m. Eastern TimeToll-free dial-in number: 1-877-407-4018International dial-in number: 1-201-689-8471 Please call the conference ...
Fred’s Retains PJ Solomon to Evaluate Strategic Alternatives to Maximize Value Company to Rationalize Store Footprint by Closing Underperforming Stores MEMPHIS, Tenn., April 11, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced the retention of PJ Solomon to evaluate strategic alternatives to maximize value for all shareholders. The Company also announced that it will begin to close underperforming and unprofitable stores. Strategic Alternatives ReviewFred’s has retained PJ Solomon to advise it in connection with a review of strategic alternatives to maximize valu...
Fred's, Inc. Announces Appointment of Chief Executive Officer and Other Key Leadership Changes Joe Anto Appointed as CEO Ritwik Chatterjee Appointed as CFO Nathaniel Klein Appointed as COO Mike Ladd Appointed as CSO MEMPHIS, Tenn., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (“Fred’s” or “Company”) (NASDAQ:FRED) today announced that its Board of Directors (the “Board”) has approved key changes in its top leadership, including the appointment of Joseph Anto as Chief Executive Officer. Mr. Anto had previously served as Interim Chief Executive Officer since April 2018 and Executive V...
Fred’s Inc. Announces New Share Repurchase Program MEMPHIS, Tenn., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (“Fred’s” or “Company”) (NASDAQ:FRED) today announced that its board of directors (the “Board”) has approved a new share repurchase program in order to acquire up to 3.5 million shares of the Company’s outstanding Class A voting common stock (the “common stock”). The Company’s previous share repurchase program, which allowed for the repurchase of up to 3.8 million shares of the Company’s common stock, was completed on January 24, 2019. Under the new program, the common stock ...
Fred’s Reports Third Quarter 2018 Results MEMPHIS, Tenn., Dec. 13, 2018 (GLOBE NEWSWIRE) -- Fred's, Inc. (NASDAQ: FRED) reported financial results for the third quarter and nine months ended November 3, 2018. Except as otherwise noted, the results contained herein do not include the previously-announced sale of Fred’s specialty pharmacy business or Fred’s previously-announced transaction with Walgreens. Third Quarter Fiscal 2018 vs. Third Quarter Fiscal 2017 Net sales down 5.5% to $306.4 million in Q3 2018 versus $324.3 million in Q3 2017.Comparable store sales decreased 5.3% in Q3 2018...
Fred’s Sets Third Quarter 2018 Conference Call for Thursday, December 13, 2018, at 8:00 A.M. ET MEMPHIS, Tenn., Dec. 04, 2018 (GLOBE NEWSWIRE) -- Fred's, Inc. (NASDAQ: FRED) will hold a conference call on Thursday, December 13, 2018, at 8:00 a.m. Eastern time to discuss its financial results for the third quarter ended November 3, 2018. The company will report its financial results in a press release prior to the call. Date: Thursday, December 13, 2018 Time: 8:00 a.m. Eastern timeToll-free dial-in number: 1-877-407-4018 International dial-in number: 1-201-689-8471 Please call the confer...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.