{"id":7484,"date":"2016-08-11T16:08:56","date_gmt":"2016-08-11T16:08:56","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=7484"},"modified":"2016-08-11T16:08:56","modified_gmt":"2016-08-11T16:08:56","slug":"csg-snapshot-freds-inc","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/08\/csg-snapshot-freds-inc\/","title":{"rendered":"CSG Snapshot: Fred\u2019s Inc."},"content":{"rendered":"

\"CSG<\/a>4300 Getwell Rd
\nMemphis TN 38118
\n(901) 365-8880
\nfredsinc.com<\/a><\/p>\n

Total Stores<\/strong>
\n659<\/p>\n

Total Sales<\/strong>
\n$2.2 billion<\/p>\n

Pharmacy Sales<\/strong>
\n$1.1 billion (50.2%)<\/p>\n

Year Founded<\/strong>
\n1947<\/p>\n

Trading Areas<\/strong>
\nAL, AR, FL, GA, IL, IN, KY, LA, MO, MS, NC, OK, SC, TN, TX<\/p>\n

Senior Executives<\/strong>
\nCEO: Jerry Shore
\nPresident + CEO: Michael Bloom
\nExec VP of Pharmacy Operations: Rick Chambers
\nExec VP + CFO: Rick Hans<\/p>\n

SNAP<\/span>FORWARD<\/span><\/strong><\/h3>\n

Change is the word at Fred\u2019s Inc. as it seeks to become a healthcare company rather than a discount\/general merchandise chain with a couple hundred pharmacies. This strategy rests on the fact that more than three-fourths of the 659 Fred\u2019s stores (377 pharmacy departments) are located in (often rural) markets with populations of less than 15,000 that are home to limited pharmacy options. As seen in the graphic, the transition is underway. Pharmacy sales are up $369 million over two years, serving as the catalyst for overall sales growth, and now account for more than 50% of total store sales. Moving forward, the recent acquisition of EntrustRx (three stores) provides the company with a point of entry into the specialty-pharmacy segment. Future plans call for retrofitting existing non-pharmacy stores with pharmacy departments, placing pharmacies in all new stores and acquiring new locations for the Fred\u2019s Xpress format, smaller-scale stores where pharmacy operations take precedence, which currently comprise 60 of the company\u2019s 659 stores.<\/p>\n

\"Fred's
\nSource: Chain Store Guide\u2019s Drug Store & HBC Chains Database.
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

4300 Getwell Rd Memphis TN 38118 (901) 365-8880 fredsinc.com Total Stores 659 Total Sales $2.2 billion Pharmacy Sales $1.1 billion (50.2%) Year Founded 1947 Trading Areas AL, AR, FL, GA, IL, IN, KY, LA, MO, MS, NC, OK, SC, TN, TX Senior Executives CEO: Jerry Shore President + CEO: Michael Bloom Exec VP of Pharmacy… Continue reading CSG Snapshot: Fred\u2019s Inc.<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[15],"class_list":["post-7484","post","type-post","status-publish","format-standard","hentry","category-drug-hbc","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=7484"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7484\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=7484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=7484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=7484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}