Friday, May 4, 2018

Fred's To Sell Specialty Pharmacy And Look At 'Options' For Retail Drugstores

Fred’s is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, the retailer said Friday, a year after the company failed to buy hundreds of Rite Aids.

The announcement Friday by Fred’s is the latest financial turnaround attempt for the retailer, which has 600 general merchandise and pharmacy stores, 12 franchised locations and three “specialty pharmacy-only locations.” Fred’s said its main goals are to eliminate debt and generate “significant positive” earnings and cash flow. . . . more