Fred's Reports May Comp Store Sales Up 1.3%

Fred's Inc. FRED today reported sales for the four-week fiscal month of May, which ended May 26, 2012. Fred's total sales for the month increased 6% to $152.1 million from $143.6 million in May 2011. Comparable store sales for the month rose 1.3% compared with an increase of 0.2% in the same period last year.