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2017 Is a Year Discount Retailer Fred's Would Like to Forget

TheMotleyFool

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2017 Is a Year Discount Retailer Fred's Would Like to Forget

Well, this year didn't go as planned for discount retailer Fred's (NASDAQ: FRED). The general merchandise and pharmacy chain entered 2017 riding high as it was poised to become the third largest pharmacy retailer in the U.S., but it will exit the year badly battered, reporting lower sales, net losses, and being forced to cancel its dividend.

All in all, 2017 was a year to forget for Fred's.

Image source: Getty Images.

Source: Fool.com