Fred's Inc. (Fred's) is an operator of general merchandise stores. The Company operates approximately 660 discount general merchandise stores, including around 19 franchised Fred's stores, in 15 states in the southeastern United States. The Company has around 370 full service pharmacies in its stores. The Company offers different product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden. Fred's Xpress stores offer pharmacy services along with a scaled-down, convenience centered general merchandise area. The Company's Xpress stores typically sell primarily pharmaceuticals, other health and beauty related items, and general merchandise offerings, mainly consumables. The Company also has a specialty pharmacy facility, EIRIS Health Services.