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Company Description (as filed with the SEC)
Fred's, Inc. and its subsidiaries ("Fred's", “We”, “Our”, “Us” or “Company”) was founded in 1947, and operates 683 company-owned stores, including 53 express stores as of February 1, 2014 in fifteen states primarily in the southeastern United States. In addition to the company-owned stores, there were 21 franchised stores operating under the Fred's name. Fred's stores generally serve low, middle and fixed income families located in small- to medium- sized towns (approximately 84% of Fred's stores are in markets with populations of 15,000 or fewer people). There were 355 full service pharmacies, which are included in the company-owned and express stores. In addition to the full service pharmacies, we opened a specialty pharmacy facility, EIRIS Health Services, late in the third quarter of 2013. The Company is headquartered in Memphis, Tennessee. ... More ...