as nasdaq fred industry discount store founded 1947 1947 in coldwater mississippi 1 headquarters memphis tennessee number of locations 659 stores and 376 pharmacies december 1 2015 2015 12 01 1 areas served southeastern united states key people michael j. hayes chairman 2 jerry a. shore ceo 2 products garden supplies snacks toys books food housewares videos dvds music brands various revenue 1.939 billion 1 operating income 39.198 million 1 2014 net income 26.015 million 1 2014 total assets 666.168 million 1 2014 total equity 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 website www.fredsinc.com fred s super dollar store in lowndes county georgia fred s inc. is a regional chain of discount retail stores operating in the southeastern and to a lesser extent midwestern united states . it opened in 1947 and operates approximately 700 stores and 300 pharmacies in 15 states . it is headquartered in memphis tennessee . contents 1 history 2 philanthropy 3 references 4 external links history edit 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 philanthropy edit fred s currently donates either through corporate donation or voluntary in store requests to several national charities . 4 american cancer society employees have donated their time and financial support for the american cancer society through their involvement in making strides events . since becoming involved in the annual walk in 2004 the fred s teams have raised more than 187 404 . 5 children s miracle network hospitals stores have helped raise more than 5.5 million to benefit the children s miracle network hospitals . shoppers are be able to purchase a miracle balloon at any fred s location . all the proceeds from the sale of the paper balloons will benefit the children s miracle network hospital in the community where the miracle balloon was purchased . with each donation customers receive a coupon for 1 off two bags of mars candy . the 2013 campaign set a record with a total of 746 286 raised which was a 16.9 percent increase over the 2012 campaign total . 6 7 hero hats stores have commemorated the fallen heroes of 9 11 through a fundraiser for the emergency teams that serve their store locations . 8 9 through september 11 fred s super dollar sells hero hats for 1 each with all proceeds going to select emergency teams near store locations . in 2014 last year through their chain wide efforts fred s raised a total of 255 642 to be donated to local emergency teams across their regions . since the campaign began in 2002 the company has raised and donated more than 2.5 million for local fire police and sheriff departments . in addition all operating profits from store sales on september 11 are also donated . 10 the panda pals program the campaign is designed to benefit animal care conservation and research at the memphis zoo . customers at the 182 fred s stores located in a 200 mile radius of the zoo generously donate during the annual event . 11 since it began in 2003 the panda pal program has contributed more than 750 000 to the memphis zoo . 12 united way of america employees have participated in fundraising since 1999 and have donated more than 500 000 since 2005 . 13 references edit a b c d e f g h i j fred s december total sales . businesswire . retrieved 19 january 2016 . a b management . fred s investor relations . retrieved 11 january 2015 . fred s closing 75 stores . birmingham business journal . american city business journals . 8 february 2008 . retrieved 11 january 2015 . community board . fred s community relations . retrieved 11 january 2015 . community american cancer society . fred s community relations . retrieved 11 january 2015 . 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 . community children s miracle network hospitals . fred s community relations . retrieved 11 january 2015 . underwood john 6 september 2011 . fred s super dollar hero hats program benefits first responders . gulfcoastnewstoday.com . retrieved 11 january 2015 . fred s super dollar fundraiser benefits piggott departments . clay county times democrat . 13 december 2012 . retrieved 11 january 2015 . community hero s hats . fred s community relatios . retrieved 11 january 2015 . fred s super dollar panda pal campaign offers discount coupon rewards supporters of memphis zoo . lamplighter . 15 july 2014 . retrieved 11 january 2015 . community memphis zoo . fred s community relations . retrieved 11 january 2015 . community united way . fred s community relations . retrieved 11 january 2015 . external links edit official website wikimedia commons has media related to fred s. v t e variety stores asia 100 yen shop japan daiso china hong kong japan macau malaysia philippines singapore taiwan thailand living plaza by aeon hong kong watashi to seikatsu hong kong europe 99p stores uk action netherlands b & m uk bargain buys uk coop city switzerland el corte ingl s spain dealz ireland eurogiant ireland euroland netherlands flying tiger copenhagen denmark hema netherlands home bargains uk karstadt germany manor switzerland migros switzerland monoprix france poundgiant uk poundland uk poundstretcher uk poundworld uk quality save uk upim italy zeeman netherlands north america 99 cents only stores us big lots us a buck or two canada casa ley mexico daiso canada us deals us dollar general us dollar tree us dollar tree canada canada dollarama canada family dollar us five below us fred s us great canadian dollar store canada hart stores canada k dollar us ollie s bargain outlet us ocean state job lot us rossy canada waldo s dollar mart mexico your dollar store with more canada oceania abc stores guam daiso australia crazy clark s australia defunct the reject shop australia retrieved from https en.wikipedia.org w index.php title fred % 27s & oldid 737826985 categories 1947 establishments in mississippicompanies based in memphis tennesseediscount stores of the united statesretail companies established in 1947variety storeshidden categories pages using infobox company with unsupported parameterscommons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout 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