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Fred’s posts solid April results but flat for Q1

BY Michael Johnsen

MEMPHIS, Tenn. — Fred’s Super Dollar on Tuesday posted a slight 0.2% sales gain for its first quarter ended May 4, to $501.4 million. Comparable store-sales for the quarter were down 1.3%. 

For the month of April (four weeks ended May 4), Fred’s total sales increased 3% to $152.2 million. Comparable store sales for the month increased 1.2% comparatively.

"We are pleased that April sales came in at the high end of our expectations," stated Bruce Efird, Fred’s CEO. "A solid comparable store sales performance in our general merchandise departments, despite the poor weather conditions, more than offset the ongoing negative impact of the shift from branded to generic drugs," he said. "During the month, we also experienced an increase in customer traffic and made good progress with our plan to improve our sales mix, with a greater proportion coming from higher margin product departments."

During the first quarter, Fred’s opened one new store and three pharmacy locations and closed one store.

 

 

 

 

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New York pharmacist gives away free kids’ vitamins

BY Alaric DeArment

NEW YORK — A pharmacist in Queens has received accolades for giving out vitamins to children whose families can’t afford them.

New York television station NY1 earlier this year named Nina Shamayeva, owner of Austin Pharmacy in the Forest Hills neighborhood, as its "Queens Person of the Week" for her free vitamin program, whereby children younger than 12 years old can receive a free bottle of chewable vitamins each month for a year. "A lot of people cannot afford to buy vitamins for their kinds," Shamayeva said.

The pharmacy also checks with pediatricians to make sure that children receive the right vitamins. The program is available to all children regardless of family income.


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Walgreens debuts flagship concept in San Francisco

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens celebrated the official opening of its latest flagship store, located at Powell and O’Farrell streets in the heart of San Francisco’s Union Square neighborhood. Like many of the flagships, the store, which opened at 10 a.m. Wednesday, is tailored to reflect the uniqueness of San Francisco at a location where Walgreens has been present since 1946.

“This is our first flagship location in Northern California, and we look forward to helping the residents and visitors of the Union Square neighborhood get, stay and live well,” stated Mark Wagner, Walgreens president of operations and community management. “Our flagship stores are unlike any traditional drug store and reflect our transformation into a retail health and daily living destination.”

The store’s expanded features include a Look Boutique beauty department that features dozens of prestige and niche cosmetic, skincare and hair care brands including Britain’s leading skincare and cosmetics brand, No7, created by Boots.

Nearby, a replica display of Ghirardelli Square will pay homage to the neighborhood’s local history and will offer one of the largest selections of Ghirardelli premium chocolates and gift selections in the San Francisco area.

In recognition of the community and the company’s mission to help people get, stay and live well, Walgreens will be presenting the San Francisco Police Department with automated external defibrillators. Walgreens is donating 10 AEDs. A squad car from each of the city’s 10 police districts will receive a device.

 

 

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