Fred's Inc. Reports Sales for the Five-Week Fiscal Month of December 2014 and the Eleven Month Year-To-Date Period Ended January 3, 2015; Opens Two Full-Service Store Locations and Four Xpress Locations; Closes 47 Full-Service Store Locations
For the eleven months, the company reported total sales for the year-to-date period increased 1% to $1.830 billion from $1.805 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 1.0% versus an increase of 0.9% for the year-earlier period.
During December 2014, Fred's opened two full-service store locations and four Xpress locations.
During December 2014, the company also closed 47 full-service store locations in line with its reconfiguration plan.