Fred's is a retail company focusing on diverse product offerings, employee diversity, and customer satisfaction. The company was headquartered in Memphis, Tennessee, and operated in 15 southeastern states within the United States. With a strong emphasis on inclusivity, Fred's employed a workforce that was 58.1% female and 38.1% ethnic minorities, showcasing a balanced blend of political orientations among its staff.
Under the leadership of CEO Michael K. Bloom, Fred's grew to become a large-scale retail chain with 7,324 employees and an annual revenue of $1.3 billion. The company's commitment to employee retention was evident through its average employee tenure of 3.2 years, and competitive salaries when compared to industry counterparts like Southeastern Grocers, ALDI USA, and Orvis.
