Fred's, Inc. (NASDAQ: FRED) is a regional chain of variety stores primarily in the Southeast and Midwest United States. It opened in 1947 and operates approximately 639 stores and 300 pharmacies in 15 states. It is headquartered in Memphis, Tennessee.
The first Fred's store opened in Coldwater, Mississippi in 1947.
In 1953, Fred's moved its corporate headquarters to Memphis, Tennessee.
Fred's competes primarily with national chains Dollar General...
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Fred's, Inc. (NASDAQ: FRED) is a regional chain of variety stores primarily in the Southeast and Midwest United States. It opened in 1947 and operates approximately 639 stores and 300 pharmacies in 15 states. It is headquartered in Memphis, Tennessee.
The first Fred's store opened in Coldwater, Mississippi in 1947.
In 1953, Fred's moved its corporate headquarters to Memphis, Tennessee.
Fred's competes primarily with national chains Dollar General, Family Dollar, and Dollar Tree, as well as with independently-owned stores. The majority of its stores are located in towns with populations of 15,000 or less and primarily located in the southeastern United States.
Fred's has attempted to differentiate itself from the other discount store chains by:
As of the second quarter 2007 (10-Q), Fred's operated 701 stores (of which 24 are franchises; the company states on its website that it does not intend to add any more franchised stores) in 15 states. Of those, 294 contain a full-line pharmacy....
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