Fred's Inc
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Consumer Discretionary : Multiline Retail | Small Cap ValueCompany profile

Fred's, Inc. (Fred's) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States. The Company is licensed to dispense pharmaceuticals in approximately 50 states. The Company operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred's is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. It offers various 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.

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Apple's stock tumble pushed market cap below $700 billion for first time since February 2017

1:16 pm ET December 24, 2018 (MarketWatch)

Shares of Apple Inc. (AAPL) sank 2.6% in Monday's abbreviated session to close at the lowest level since July 12, 2017, amid a broad-market selloff ( The decline has pushed the technology giant's market capitalization below the $700 billion mark for the first time since Feb. 10, 2017, according to FactSet data. Apple's stock has now plunged 36.7% since it the Oct. 3, 2018 record close of $232.07, with the market cap plummeting about $404.5 billion from its peak of about $1.10 trillion. The stock's price decline during that time has shaved about 578 points off the Dow Jones Industrial Average's price, or about 11.5% of the Dow's 5,036-point drop during that time. Apple is currently the second-largest use company by market cap, behind first-place Microsoft Corp. (MSFT) at $722.7 billion and just ahead of Google parent Alphabet Inc. (GOOGL) at about $684.8 billion, according to FactSet. Inc. (AMZN) is in fourth place at $657.2 billion.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

December 24, 2018 13:16 ET (18:16 GMT)

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