Fred's December SSS -4.2%
Fred's Inc. (NASDAQ: FRED) today reported sales for the five-week fiscal
month and 11-month year-to-date period ended December 29, 2012.
Fred's total sales for the month declined 1% to $209.9 million from
$213.0 million in December 2011. Comparable store sales for the month
decreased 4.2% compared with a decline of 0.4% in the same period last
Fred's total sales for the year-to-date period increased 2% to $1.782
billion compared with $1.747 billion in the same period last year. On a
comparable store basis, year-to-date sales declined 1.4% versus an
increase of 0.7% in the same period last year.
Commenting on the announcement, Bruce A. Efird, Chief