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News Breaks
February 28, 2014
13:08 EDTCVS, DG, FRED, WAGFred's shopping itself to CVS, Walgreens, Dollar General, Bloomberg says
Fredís (FRED), which has previously disclosed that it is exploring strategic opportunities including a potential sale, has contacted possible suitors including CVS Caremark (CVS), Walgreen (WAG) and Dollar General (DG) as well as private-equity firms, according to Bloomberg, citing people with knowledge of the matter. Note that on January 9, Fred's announced its board of directors has retained BofA Merrill Lynch and Peter J. Solomon Company to review strategic opportunities to enhance shareholder value. Shares of Fred's are up 8% to $19.55 in afternoon trading following Bloomberg's report. Reference Link
News For FRED;CVS;WAG;DG From The Last 14 Days
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April 15, 2015
11:28 EDTFREDFred's management to meet with FBR Capital
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April 9, 2015
09:18 EDTDGBofA/Merrill retail analysts hold an analyst/industry conference call
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07:46 EDTFREDFred's reports March SSS up 1.9%
Fred's total sales for March increased 0.3% to $191.7M from $191M in March 2014. The company said it ended the month with strong Easter product sales in toys, candy, and giftware, and its pharmacy department continued to post strong revenue and comparable script growth in March. The company also noted, "At the same time, we were negatively affected in spring seasonal and Lawn & Garden product categories due to the port strike and wet weather during March. We expect that these sales will rebound in the upcoming months as spring merchandise is received."
April 8, 2015
05:49 EDTDGDollar General price target raised to $85 from $80 at Deutsche Bank
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April 7, 2015
06:08 EDTCVSNew York REIT announces 22,00 square foot lease with CVS at 1440 Broadway
New York REIT (NYRT) announced that is has completed a long-term lease totaling approximately 22,000 square feet with CVS/pharmacy (CVS) at 1440 Broadway. The deal marks the first step in NYRT's overall retail repositioning strategy at 1440 Broadway, with remaining value-add opportunities to mark existing below-market tenant rents to market and to re-configure a portion of the basement into valuable, lower-level selling space with double ceiling-heights.

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