Fred's Inc.
Traded as NASDAQ: FRED
Industry Discount store
Founded 1947 (1947)
Coldwater, Mississippi, U.S.[1]
Headquarters Memphis, Tennessee, U.S.
Number of locations
651 stores (December 1, 2015 (2015-12-01)[1])
Areas served
Southeastern United States
Key people
Michael J. Hayes (Chairman)[2]
Mike Bloom (Aug 2016-)(CEO)[2]
Jerry Shore (Oct 2014 – Aug 2016)[2]
Products Garden Supplies, Snacks, Toys, Books, Food, Housewares, Videos, DVDs, Music
Brands Various
Revenue Decrease$2.150 billion[1]
Increase$39.198 million[1] (2014)
Decrease$26.015 million[1] (2014)
Total assets Increase$666.168 million[1] (2014)
Total equity Increase$451.548 million[1] (2014)
Number of employees
9,119 (February 1, 2014 (2014-02-01)[1])
Divisions EIRIS Health Services[1]
Subsidiaries Getwell Drug & Dollar
Yazoo Trading Company[1]
Fred's Super Dollar store in Lowndes County, Georgia

fred’s Inc. and subsidiaries operate in 15 states in the southeastern United States with 304 full-service pharmacy departments located within fred’s stores, including four franchised locations. Additionally, fred’s Inc. has 57 Xpress pharmacy locations, three specialty pharmacy locations and more than 650 discount general merchandise stores chain-wide. With a unique store format and strategy, combining the best elements of a discount dollar store, drug store and mass merchant, fred's stocks more than 12,000 frequently purchased items addressing the daily needs of its customers. For more information about fred’s, visit


This logo was used by fred's until 2007, however, it still appears on store signs and on some of fred's private label items.

The first fred's store opened in Coldwater, Mississippi in 1947. In 1953, fred's moved its corporate headquarters to Memphis, Tennessee.

fred's primarily competes against national, deep-discount chains Dollar General, Family Dollar, and Dollar Tree, and, against independently owned stores. In the past few years, it and other deep-discount retailers have taken some market share away from major discount chains like Walmart, as well. Most locations are in towns with populations of 15,000 or less.

The company has two distribution centers: one in Memphis, another in Dublin, Georgia.

fred’s Inc. owns and operates two additional chains, Getwell Drug & Dollar and Yazoo Trading Company.

Getwell Drug & Dollar is a pharmacy destination that also offers over-the-counter medication and individualized patient care. Locations across Alabama, Tennessee, Georgia and Mississippi also feature more than 1,700 one-dollar items.

Yazoo Trading Company offers hardware, auto, and pet and animal supplies. Five locations across Alabama, Tennessee and Georgia also provide basic home project needs.

In 2008, fred's decided to close over 50 under-performing stores due to rising fuel costs and other economic issues. For example, several North Carolina locations were closed, leaving over a dozen stores in that state.[3]


fred's currently donates either through corporate donation or voluntary in-store requests to several national charities.[4]


  1. 1 2 3 4 5 6 7 8 9 10 "Fred's December Total Sales". BusinessWire. Retrieved 19 January 2016.
  2. 1 2 3 "Management". Fred's Investor Relations. Retrieved 11 January 2015.
  3. "fred's closing 75 stores". Birmingham Business Journal. American City Business Journals. 8 February 2008. Retrieved 11 January 2015.
  4. "Community Board". Fred's Community Relations. Retrieved 11 January 2015.
  5. "Community - American Cancer Society". Fred's Community Relations. Retrieved 11 January 2015.
  6. Lewis, Amanda (9 May 2012). "Fred's customers raise $637K for children's cause". The Commercial Appeal - Memphis. Scripps Interactive Newspapers Group. Retrieved 11 January 2015.
  7. "Community - Children's Miracle Network Hospitals". Fred's Community Relations. Retrieved 11 January 2015.
  8. Underwood, John (6 September 2011). "Fred's Super Dollar 'Hero Hats' program benefits first responders". Retrieved 11 January 2015.
  9. "Fred's Super Dollar Fundraiser Benefits Piggott Departments". Clay County Times-Democrat. 13 December 2012. Retrieved 11 January 2015.
  10. "Community - Hero's Hats". Fred's Community Relatios. Retrieved 11 January 2015.
  11. "Fred's Super Dollar 'Panda Pal' Campaign Offers Discount Coupon, Rewards Supporters of Memphis Zoo". LampLighter. 15 July 2014. Retrieved 11 January 2015.
  12. "Community - Memphis Zoo". Fred's Community Relations. Retrieved 11 January 2015.
  13. "Community - United Way". Fred's Community Relations. Retrieved 11 January 2015.
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