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The Baddour Center history
The Baddour Center company history timeline
Originally called Baddour Memorial Center, the Baddour family opened The Baddour Center's doors on December 8, 1978.
With gifts from business associates, friends, and family, Baddour Memorial Center was founded in December of 1978 in memory of Paul Baddour.
In 1980, he created a subsidiary, Retail Consulting Services, Inc., to provide advice and services to other retailers.
At this time, the Memphis Retail Investors Limited Partnership (MRILP) entered the scene, lending Baddour Inc. $15.3 million at an interest rate of 8.95 percent in 1986.
MRILP went to court in Tennessee and, in the autumn of 1989, received 51 percent of the company under a court settlement.
In May 1991, Hayes was named company president, and the shareholders voted to change the company name from Baddour Inc. to Fred’s Inc.
In 1991, net income tripled to $3.8 million on sales of $291 million.
During this period, the company restructured its management ranks and revised its pricing strategy, introducing everyday low prices in 1994.
At the end of 1995, in addition to the five Fred’s Xpress units, the company had 87 stores with full service pharmacies.
Three years later, on March 1, 1996, the company announced it had reached an agreement in principal to a merger with Rose’s Stores, Inc.
1997 proved to be a very good year for the company, with record sales and growth.
"Fred’s, Inc. ." International Directory of Company Histories. . Encyclopedia.com. (June 21, 2022). https://www.encyclopedia.com/books/politics-and-business-magazines/freds-inc-0
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The Baddour Center competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Richmond Residential Services | 1979 | $10.0M | 31 | 16 |
| Hope Village Resale Shop | 1967 | $5.0M | 36 | - |
| mmenterprises | 1975 | $5.0M | 125 | - |
| Rainbow Adult Living | 1981 | $5.0M | 50 | - |
| Central Iowa Residential Services | 1974 | $10.0M | 9 | 5 |
| Cape Fear Homes | 1991 | $5.0M | 50 | 7 |
| Great Lakes Health Connect | 2014 | $5.0M | 30 | - |
| eKidzCare | 2006 | $5.1M | 114 | 11 |
| Grane Healthcare | - | $17.9M | 50 | 4 |
| Cerebral Palsy Association of The North Country | 1998 | $50.0M | 99 | 15 |
The Baddour Center history FAQs
Zippia gives an in-depth look into the details of The Baddour Center, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Baddour Center. The employee data is based on information from people who have self-reported their past or current employments at The Baddour Center. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Baddour Center. The data presented on this page does not represent the view of The Baddour Center and its employees or that of Zippia.
The Baddour Center may also be known as or be related to BADDOUR CENTER, The Baddour Center, The Baddour Center Inc and The Baddour Memorial Center Inc.