BNET Industries

Market Cap:$363.3M
Last Fiscal Year Sales:$1.7B
  • Public
  • US
Dow Jones Description

Since the first Fred s store opened in 1947, we have continuously given our guests the best values on everyday essentials! You will find everything your heart desires at Fred s. We offer everything from quality apparel for all ages of the family to great seasonal items with prices you don t want to miss! Visit our products page which lists all of Fred s great departments. Many of our Fred s stores also offer a pharmacy with skilled pharmacists ready to answer any prescription or medical question that you have. Want to find the nearest Fred s store or pharmacy? Just check out our store locator page. We can t wait to see you at Fred s!

Director, Trng
John McMorrough
Number of Employees 9,979
Contact Information

4300 New Getwell Rd

Memphis, Tennessee 38118-6801

fredsinc.com

(901) 365-8880

NAICS Code All Other General Merchandise Stores: 452990

Recent Events

  • Fred's Dec. Comps. Up 4% - Update

    1/07/10 - Financial Announcement - View Story

  • Northeast Retail Sales Slammed by Storm

    12/22/09 - Bond / Stock Rating - View Story

  • Freds November sales disappoint

    12/03/09 - Site Opening - View Story

  • Fred's FRED Comps Down 3.3% in November 2009; Sales Down 2%

    12/03/09 - Financial Announcement - View Story

  • Fred's Reports Third Quarter Results

    11/24/09 - Site Opening - View Story

  • Jarrett to serve as Constantine's deputy executive

    11/13/09 - Mgmt. Change Entering - COO - View Story

  • Fred's October sales dip, Q3 sales rise

    11/05/09 - Site Opening - View Story

  • Fred's FRED Reports 0.4% Rise in October Same Store Sales

    11/05/09 - Financial Announcement - View Story

  • Report: Fred's to open two stores in Kentucky

    10/30/09 - Planned Site Openings - View Story

  • Freds reports strong September sales

    10/11/09 - Planned Site Openings - View Story

  • Fred’s Key Sales Measures See Increases in Sept.

    10/09/09 - Financial Announcement - View Story

  • Fred's opens new prototype store in Bartlett, Tenn.

    10/02/09 - Site Opening - View Story

  • Watson Pharmaceuticals, Inc. WPI Names G. Frederick Wilkinson Executive Vice President, Global Brands

    9/22/09 - Merger / Acquisition - View Story

  • A Big Jump for Oxford; Fred's Falls

    9/04/09 - Mgmt. Change Leaving - President - View Story

News & Analysis

fred's inc. and rose's stores inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
John McMorrough Director, Trng
Bruce Efird President & CEO
Roger T. Knox President and Chief Executive Officer
John D. Reier President
Dennis Curtis Executive Vice President and General Merchandise Manager
Gerald E. Thompson Coo
Jerry A. Shore Cfo
Jim Deats CIO & Senior Vice President, MIS
Charles Brunjes Executive Vice President, Mdsg
Earl Taylor Vice President
John Casey Executive Vice President, Pharmacy Acquisitions
Mary McNabb Executive Vice President
Reggie Jacobs Executive Vice President, Distribution and Corporate Services
Rick A. Chambers Executive Vice President, Pharmacy Operations
Charles Vail Corporate Secretary, Senior Vice President Legal Services and General Counsel
David B. Mueller Senior Vice President
David Hughes Senior Vice President, Info Sys
Erin Christensen Senior Vice President
Geoff Collins Senior Vice President, Finance
Jamie Naughton Senior Vice President
Richard Channell Senior Vice President
Alan C Crockett Vice President
Barry Maxwell Vice President
Charles Michael Vice President
Getwell New Vice President
Jamie Naughcon Vice President, HR
Jimmy L. Sykes Vice President
Joey Bivins Vice President
Julie Boland Vice President, Sys Development
Merle McGruder Vice President
Roger Tyler Vice President
Tom Sowa Vice President
James Fennema Executive Vice President & General Manager, Mdsg
Eddie Marshall Director, Media
Linda Howard Director, Creative
Ursula Roman Director, Marketing
Jerry Doler Manager, Purchasing
Mark Beal Webmaster
Thomas J Tashjian Director

Board of Directors

Name (plus bio) Position
B. Mary McNabb Board of Directors
Jack Eisenman Board of Directors
John R. Eisenman Board Director
Michael T McMillan Board of Directors
Thomas H. Tashjian Board of Directors

Organization Position Status
Fred's Inc. Director, Trng Current
Fred's Inc. Director, Trng Former

Mr. Efird began with Fred 's Inc. in late September of 2007 as President and was recently promoted as the new CEO effective February 2009. Mr. Efird was the Executive Vice President of Merchandising for Meijer, Inc. (a retail supercenter with 180 in over five states) from 2005 to 2008. Prior thereto, Mr. Efird worked at Bruno 's Supermarkets, Inc. for over eight years where his last position held was Executive Vice President/General Manager. Mr. Efird began his 25 years of retail experience with Food Lion, Inc. where he held a number of positions throughout his 13 years.

Organization Position Status
Fred's Inc. President & CEO Current
Fred's Inc. Director Nominee and President Current
Meijer, Inc. President, Merchandising Former
Meijer, Inc. Executive Vice President of Merchandising Former
Bruno's Supermarkets, Inc. Executive Vice President & General Manager Former

Organization Position Status
Fred's Inc. President and Chief Executive Officer Current
Hancock Fabrics, Inc. Director Current
Fred's Inc. Director Current

President of Fred's, Inc. John D. Reier joined Fred's as President in April 1999 and was named to the Company's Board of Directors in August 2000. Mr. Reier's career in retailing extends more than 31 years, with over 22 years of that experience in the discount store industry. His prior experience included President and COO of Family Dollar Stores, President and CEO of Sunny's Great Outdoors.

Organization Position Status
Fred's Inc. President Current
Fred's Inc. Board of Directors Current
Family Dollar Stores, Inc. President and Coo Former
Family Dollar Stores, Inc. Senior Vice President of Merchandising Former
Family Dollar Stores, Inc. General Merchandise Manager Former

Organization Position Status
Fred's Inc. Chief Operating Officer Current
Fred's Inc. Executive Vice President and General Merchandise Manager Current
Fred's Inc. Vice President Current
Fred's Inc. Management Trainee Former

Jerry Thompson, R.Ph., joined the Board in April 2005 following his retirement in July 2004 from Eckerd Corporation. At different times during his career with Eckerd, Thompson held primary operating responsibility for approximately 2,000 stores and, as senior vice president, he oversaw all of Eckerd's 2,800 pharmacies. Mr. Thompson has served in the National Association of Chain Drug Stores, where he participated in legislative activities on the federal and state level and was a member of the Association's Pharmacy and Governmental Affairs committees.

Organization Position Status
Fred's Inc. Coo Current
Fred's Inc. Board Director Current
Fred's Inc. Executive Vice President Former
Eckerd Corporation Senior Vice President Former

Organization Position Status
Fred's Inc. Cfo Current
Fred's Inc. Executive Vice President Current
IPS Corporation Financial Management Positions Former
Caterpillar, Inc. Financial Management Positions Former

Organization Position Status
Fred's Inc. CIO & Senior Vice President, MIS Current
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Executive Vice President, Mdsg Current

Organization Position Status
Fred's Inc. Executive Vice President, Store Operations Current
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Executive Vice President, Pharmacy Acquisitions Current

Mary McNabb, named to the Board in April 2005, currently is an executive vice president and a director of The Mowbray Group, a California-based retail consulting firm that specializes in problem-solving, cost reductions, importing, and inventory management. Ms. McNabb was formerly executive vice president of merchandising and marketing for Factory 2-U, vice president of sourcing for S-Q of California, and West Coast manager/buyer for One Price Clothing, Inc.

Organization Position Status
Fred's Inc. Executive Vice President Current
The Mowbray Group, Inc. Executive Vice President Current
Fred's Inc. Board Director Current
The Mowbray Group, Inc. Director Current
Factory, Inc. Executive Vice President of Merchandising and Marketing Former

Organization Position Status
Fred's Inc. Executive Vice President, Distribution and Corporate Services Current
Fred's Inc. Vice President Current
DC Systems CIO Former
DC Systems Director Former
The University of Oklahoma B.A Former

Organization Position Status
Fred's Inc. Executive Vice President, Pharmacy Operations Current
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Corporate Secretary, Senior Vice President Legal Services and General Counsel Current
Fred's Inc. Vice President, Legal Services Current
Fred's Inc. General Counsel Former

Organization Position Status
Fred's Inc. Senior Vice President Current

Organization Position Status
Fred's Inc. Senior Vice President, Info Sys Current

Organization Position Status
Fred's Inc. Senior Vice President Current

Organization Position Status
Fred's Inc. Senior Vice President, Finance Current

Organization Position Status
Fred's Inc. Senior Vice President Current

Organization Position Status
Fred's Inc. Senior Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President, HR Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President, Sys Development Current

Organization Position Status
Fred's Inc. Vice President Current
Fred's Inc. Controller Former

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Vice President Current

Organization Position Status
Fred's Inc. Executive Vice President & General Manager, Mdsg Current
Fred's Inc. Vice President Current
Duckwall-ALCO Stores, Inc. Vice President, Merchandise Former
Fred's Inc. General Merchandise Manager Former
Duckwall-ALCO Stores, Inc. General Merchandise Manager Former

Organization Position Status
Fred's Inc. Director, Media Current

Organization Position Status
Fred's Inc. Director, Creative Current

Organization Position Status
Fred's Inc. Director, Marketing Current
Fred's Inc. Manager, Marketing Former

Organization Position Status
Fred's Inc. Manager, Purchasing Current

Organization Position Status
Fred's Inc. Webmaster Current

Organization Position Status
Fred's Inc. Board of Directors Current

Organization Position Status
Fred's Inc. Board of Directors Current

Organization Position Status
Fred's Inc. Board Director Current
Sally's President Former
Sally's Founder Former

Organization Position Status
Fred's Inc. Board of Directors Current

Organization Position Status
Fred's Inc. Board of Directors Current
Superior Bancorp Managing Director Former
Superior Bancorp Group Leader Former
First Manhattan Co. Former

Organization Position Status
Fred's Inc. Director Current
Superior Bancorp Managing Director Former
Superior Bancorp Group Leader Former
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     FRED $10.45 +0.04 (0.38% )
Average Volume 284,527
Shares Outstanding 39.67M
Market Cap 414.5M
Year High 14.85
Year Low 9.01
Earnings Per Share 0.51
P/E Ratio 20.49
Dividend 0.16
Yield 1.53
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