Content about Fred

August 7, 2014

Fred’s Inc. expects to report a net loss of $0.15 to $0.20 per share.

Memphis, Tenn. – Fred’s Inc. expects to report a net loss of $0.15 to $0.20 per share. The discount chain cited transitional costs associated with implementing its convenience center model, as well as vendor-related cost pressures on pharmacy, as driving the negative profit growth.

However, not all the financial news was bad for Fred’s in the second quarter. Compared to same period a year earlier, Fred’s total sales grew 2% to $490.6 million, from $482.2 million. Same-store sales declined 0.1% for the quarter.

July 17, 2014

Sycamore Partners is in early discussion with Fred’s about a potential takeover, Reuters reported.

New York -- Sycamore Partners is in early discussion with Fred’s about a potential takeover, Reuters reported.

In January, Fred's disclosed it had hired Bank of America Corp. and Peter J. Solomon Co to explore strategic alternatives after disappointing holiday sales.

According to the report, at least one other party in also in talks with Fred's.

 

March 7, 2011

Electric transportation technology provider ECOtality said Monday that it has partnered with grocer Fred Meyer, a division of The Kroger Co., to install car-charging stations at select stores in Oregon and Washington.

Seattle -- Electric transportation technology provider ECOtality said Monday that it has partnered with grocer Fred Meyer, a division of The Kroger Co., to install car-charging stations at select stores in Oregon and Washington.

The Blink Level 2 Electric Vehicle Commercial Pedestal Charging Stations will also be installed on major transportation corridors between Seattle store locations and the United States border with Canada.

The deal makes Fred Meyer ECOtality’s first food retail partner in the Northwest.

September 22, 2005

Cincinnati, Fred Meyer...

September 22, 2005

Cincinnati, Fred Meyer...