fred’s headquarters

Fred’s Corporate Office

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Fred's Corporate Office Address

Fred's Inc.

4300 New Getwell Road
Memphis, Tennessee 38118

Contact Fred's

Phone Number: (901) 365-8880
Fax Number: (901) 365-8865
Website: https://fredsinc.com/
Email: Email Fred's

Fred's Facts

Founder: Paul Baddour
Date Founded: 1947
Founding Location: Coldwater, Mississippi
Number of Employees: 7324

Fred's Executives

CEO: Joseph M. Anto
CFO: Ritwick Chatterjee
COO: Nathaniel Klein

Fred's History

IN 1947, Paul Baddour and his two brothers opened a small discount store in Coldwater, Mississippi. While the company was originally incorporated as Baddour, Inc., Paul later named one of the stores after his brother Fred, and the name stuck.

The company opened stores in small towns and offered deeply discounted prices on closeout items. Fred’s stores did quite well, even competing against the giant Walmart by expanding store sizes from the usual 5,000 square feet to 30,000 square feet or more.

Fred’s has diversified into other areas, including Fred’s Pharmacy, Dollar Stores, GetWell Drug and Dollar, and the Yazoo Trading Company. In 2018, the company sold its prescription patient information to competitor Walgreens from their 185 pharmacies. Walgreens paid $165 million for this information after Fred’s was unable to purchase hundreds of Rite Aid pharmacies.

Fred’s is publicly traded on the NASDAQ under the ticker symbol FRED.

The company had annual revenue in 2016 of $2.125 billion but lost $66.5 million. This has caused the company to announce the closure of 159 stores in April 2019 which the company states were underperforming or whose leases were about to expire.

Fred’s company headquarters are located in Memphis, Tennessee.

Fred’s Corporate Office

How would you rate your experience with Fred's ?

Fred's Corporate Office Address

Fred's

4300 New Getwell Road
Memphis, TN 38118

Contact Fred's

Phone Number: (901) 365-8880
Fax Number: (901) 365-8865
Website: http://www.fredsinc.com
Email: Email Fred's

Fred's Facts

Founder:
Date Founded:
Founding Location:
Number of Employees:

Fred's Executives

CEO: Jerry A. Shore
CFO: Sherri L. Tagg
COO: Michael K. R. Bloom

Fred's History

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.