Fred's, Inc. is an operator of general merchandise stores. It operates approximately 683 company-owned stores, including 53 express stores in fifteen states primarily in the southeastern United States. In addition to the company-owned stores, there are 21 franchised stores operating under the brand Fred's. The company-owned and express stores also include 355 full service pharmacies. The company has also opened EIRIS Health Services, a specialty pharmacy facility. The Company operates through a single segment. The Company�s stores stock over 12,000 products. It has opened 25 full-service stores and Xpress locations, closed 30 and converted three locations to full-service stores. The majority of the stores have been opened in Louisiana, Mississippi and Georgia.