Fred’s Pharmacy
Fred’s Pharmacy wanted to increase the number of its stores in the U.S. from 600 to 1,000. This plan never materialized because gross sales went down to 4.3%, while the bottom line was said to be $139.3 million. In 2018, the CFO left and got replaced by a media exec. The company sold CVS for $40 million.
Fred’s Pharmacy
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Stein Mart
Stein Mart is a Jacksonville-based discounted department store. It has not been doing very well lately. Even though it balanced their sales and improved their digital revenue, it still suffered a $23.4 million bottom-line loss in 2017.
Stein Mart