Fred’s, Inc. (NASDAQ:FRED) was founded in 1947 and is headquartered in Memphis, Tennessee, with 4,138 full-time employees. It is an American discount daily necessities chain, together with its subsidiaries, through its retail discount stores and comprehensive Service pharmacies sell general merchandise.
Fred’s, Inc. (FRED):
Through its stores, Fred’s, Inc. provides household cleaning products, health and beauty aids, disposable diapers, pet food, paper products, various food and beverage products, and medicines to low, medium, and fixed income families in small and medium towns. , Tobacco products, clothing and bedding, etc. In addition, the company also supplies products to franchised Fred’s stores.
As of February 3, 2018, Fred’s operated a total of 584 retail stores, 348 pharmacies and 12 franchise stores in 15 states across the United States.
Fred’s, Inc.’s competitors include: Dollar General , Family Dollar , Five Below , Dollar Tree , Walmart, etc.
On December 21, 2016, due to antitrust reasons, Fred’s will acquire 865 Rite Aid stores at a price of US$950 million as one of the conditions for Walgreens to acquire Rite Aid .