Company Description (as filed with the SEC)
Fred's, founded in 1947, operates 691 Company owned discount general merchandise stores, including 47 express stores as of February 2, 2013 in fifteen states primarily in the southeastern United States. In addition to the Company owned stores, there were 21 franchised "Fred's" stores. Fred's stores generally serve low, middle and fixed income families located in small- to medium- sized towns (approximately 85% of Fred's stores are in markets with populations of 15,000 or fewer people). There were 346 full service pharmacies, which are included in the Company owned and express stores. The Company is headquartered in Memphis, Tennessee. Fred's stores stock over 12,000 frequently purchased items which address the everyday needs of its customers, including nationally recognized brand name products, proprietary “Fred's” label products and lower priced off-brand products. ... More ...