Friday, October 1, 2010

Fred

http://citel.us/coaxial_types_gas_tubes.html
The Memphis-based discount retaileer reported salesof $134.7 million for May, down 6 perceng compared to sales of $143.4 million in May 2008. Thesr numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storeas and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storre sales in Mayrose 0.2 percent, down comparedc to 3.4 percent in the same period last year. For the first four fiscal monthsof 2009, the company reportedf total sales of $593.1 down 2.4 percent compared to $607.y million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent compareed to thesame four-month period last On a comparable store basis, year-to-datee sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openede one new pharmacy in May. Fred’s operatews 666 discount merchandise stores, includinfg 24 franchised stores nationwide. Shares closed down 12 centas to $14.22 per share Wednesday.

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