Fred's (FRED) Tops Q2 EPS by 3c; Offers H216 Outlook
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August 31, 2016 9:07 AM EDT
Stephens downgraded Fred's Inc. (NASDAQ: FRED) from Equal Weight to Underweight with a price target of $9.00.
For an analyst ratings summary and ratings history on Fred's Inc. click here. For more ratings news on Fred's Inc. click here.
Shares of Fred's Inc. closed at $11.94 yesterday.
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August 30, 2016 7:44 AM EDT
Fred's Inc. (NASDAQ: FRED) announced that Chief Executive Officer Jerry A. Shore will retire from the Company in February 2017. The Board of Directors is pleased to name Michael K. Bloom Chief Executive Officer, effective immediately. Bloom, who joined Fred's as President and Chief Operating Officer in January 2015, has worked closely with Shore on building a strong management team to ensure a smooth and effective transition.
Commenting on the announcement, Thomas H. Tashjian, Chairman of the Board of Directors, said, "Jerry and Mike have worked side by side for nearly two years;... More
August 30, 2016 6:17 AM EDT
Freds Inc. (NASDAQ: FRED) announced that Craig Barnes, Executive Vice President of Supply Chain, Global and Domestic Logistics, has been promoted to the newly created role of Chief Operating Officer Front Store. In this role, Barnes will be responsible for Merchandising, Marketing, Supply Chain, Store Operations and Real Estate, and will report directly to Michael K. Bloom, Chief Executive Officer.
Commenting on the... More
