| Business Summary | | Fred's,
Inc.
operates
320
discount
general
merchandise
stores
in
11
states
in
the
southeastern
United
States.
Fred's
stores
generally
serve
low-,
middle-
and
fixed-income
families
located
in
small
to
medium-sized
towns
(approximately
65%
of
Fred's
stores
are
in
markets
with
populations
of
15,000
or
fewer
people),
and
198
of
its
stores
have
full-service
pharmacies.
The
Company
also
markets
goods
and
services
to
26
franchised
Fred's
stores.
The
Company's
sales
mix
by
major
category
during
2000
was
Pharmaceuticals
(32.7%),
Household
Goods
(20.4%),
Apparel
and
Linens
(3.8%),
Health
and
Beauty
Aids
(11.0%),
Food
and
Tobacco
Products
(9.4%),
Paper
and
Cleaning
Supplies
(8.3%)
and
Sales
to
Franchised
Fred's
Stores
(4.4%).
The
sales
mix
varies
from
store-to-store,
depending
upon
local
consumer
preferences
and
whether
the
stores
include
pharmacies
and/or
a
full-line
of
apparel. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRED
is
engaged
in
the
sale
of
general
merchandise
through
320
discount
stores
in
the
southeastern
U.S.
FRED
also
sells
general
merchandise
to
its
franchisees
through
its
wholesale
division,
and
operates
full
service
pharmacies.
For
the
26
weeks
ended
8/4/01,
net
sales
increased
17%
to
$417.6
million.
Net
income
rose
25%
to
$6.3
million.
Revenues
reflect
increased
comparable
store
sales
and
the
addition
of
new
stores.
Earnings
also
reflect
improved
cost
controls. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Hayes, 59 CEO,
Managing Director, Director | $183K | John Reier, 61 Pres,
Director | 190K | David Gardner, 53 Managing
Director | 120K | Jerry Shore, 48 Exec.
VP, CFO | 135K | John Casey, 54 Exec.
VP of Store/Pharmacy Operations | 110K | Dollar amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|