Fred’s opened its first discount store in Coldwater, Mississippi in 1947.
Today Fred’s serves customers with moderate or fixed incomes with stores in small and medium-sized towns across the Southeast and parts of the Midwest. The chain is made up of more than 700 stores in 15 states in total. About half of Fred’s stores have full-service pharmacies.
Stores carry more than 12,000 products, including brand-name, off-brand, and private label products including health and beauty, household goods, clothing, linens, food, and paper supplies.
Fred’s trades publicly on the NASDAQ under the ticker symbol FRED, is a member of the Russell 2000, is #989 in the Fortune 1000, has 5,245 employees, and had $1.97 billion in revenue in 2014.