Profile: Fred's Inc (FRED.O)
19 Jan 2017
Fred's, Inc. (Fred's), incorporated on June 22, 1960, is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States. The Company is licensed to dispense pharmaceuticals in approximately 50 states. The Company operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred's is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. The Company offers various product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden.
The Company's general merchandise selection includes an array of staple and discretionary products from brand names and its private label. The Company's prescription drugs are ordered by its pharmacies individually and shipped directly from the Company's primary pharmaceutical wholesaler, Cardinal Health, Inc. (Cardinal Health), to the pharmacies approximately five days a week. Fred's Brand products include household cleaning supplies, health and beauty aids, disposable diapers, pet foods, paper products and a range of food and beverage products. The Company's Xpress designation is a way of describing its locations that are atypical to its other full-service stores. These locations primarily sell pharmaceuticals, other health and beauty related items, and limited general merchandise offerings, mainly consumables.
4300 Getwell Rd
MEMPHIS TN 38118-6801