Fred’s to unveil new box

MEMPHIS, Tenn. -- Fred’s Inc. will begin rolling out a new prototype that relocates higher-margin products to the front of the store and edits underperforming product categories, the company said during its presentation for the William Blair & Co. 25th Annual Growth Stock Conference earlier today.

The first will open around Aug. 1, with two more units opening by Sept. 1.Another major initiative is the retailer’s category management improvement program. Michael Hayes, CEO, said that for the past 18 months, Fred’s has been “rewriting and drafting a plan” that will allow its buyers to measure the contribution per square foot of categories, evaluate skus and ultimately determine the best performing categories.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!