Founded in 1947, Fred's operates more than 700 general merchandise stores, including over 20 franchised stores throughout the Southeast. The company offers a range of products that includes housewares, beauty care products, food and beverage items, home furnishings, electronics, greeting cards and toys. Its housewares department offers dinnerware, cookware, drinkware, cutlery and gadgets. Fred s offers apparel for all ages, window and bath products, bedding collections and footwear. It also operates various pharmacy stores with skilled pharmacists. Additionally, it offers seasonal lawn and garden items. The company also provides a variety of stationery and school supplies. Fred's employs more than 10,000 individuals and is headquartered in Memphis, Tenn. It maintains a presence in Troy, Ala.