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Fred's, Inc. and its subsidiaries, through retail discount stores and pharmacies, sell general merchandise. The company offers approximately 12,000 frequently purchased items for everyday needs of the customers, including pharmaceuticals, household goods, apparel and linens, food and tobacco products, health and beauty aids, and paper and cleaning supplies. As of May 26, 2005, the company operated 607 discount general merchandise stores and 258 pharmacies in 14 states in the southeastern United States. The company also sells general merchandise to its 25 franchised Fred's stores. Fred's was founded in 1947 and is headquartered in Memphis, Tennessee.
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