Fred's Inc. has been operational since 1947, operating discount general merchandise stores. Based in Harrisburg, Ark., the company operates more than 700 stores, including over 24 franchised Fred's stores in approximately fifteen states primarily in the southeastern United States. This merchandise includes nationally recognized brand name products, proprietary Fred's label products, and lower-priced, and off-brand products. Full service pharmacies are included in over 307 of the Company s stores. Fred's Inc. operates from two distribution centers.