Fred’s CEO, Michael Bloom, has resigned to pursue other opportunities.
As Fred’s continues to see improvements in pharmacy sales and a positive impact from front of store remodels, these factors were still not enough to allow the company to grow sales in the first quarter.
Fred’s Inc. will soon have a new leader at the top as Michael Bloom has been named the company’s new CEO, replacing Jerry Shore who will retire effective February 2017.
Fred’s, Inc. has named Michael K. Bloom as the company’s president and chief operating officer. Most recently, he served as…