Fred's (FRED) Comps Down 3.3% in November 2009; Sales Down 2%
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Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month and 10-month year-to-date period ended November 28, 2009.
Fred's total sales for the month declined 2% to $138.3 million from $141.8 million in November 2008. Comparable store sales for the month were down 3.3% versus a decline of 1.8% in the same period last year.
Fred's total sales for the year-to-date period decreased 1% to $1.453 billion compared with $1.471 billion for the same period last year. Excluding closed stores, total sales from ongoing stores increased 1% in the first 10 months of 2009 versus the year-earlier period. On a comparable store basis, year-to-date sales increased 0.5% compared with 2.4% in the same period last year.
Fred's total sales for the month declined 2% to $138.3 million from $141.8 million in November 2008. Comparable store sales for the month were down 3.3% versus a decline of 1.8% in the same period last year.
Fred's total sales for the year-to-date period decreased 1% to $1.453 billion compared with $1.471 billion for the same period last year. Excluding closed stores, total sales from ongoing stores increased 1% in the first 10 months of 2009 versus the year-earlier period. On a comparable store basis, year-to-date sales increased 0.5% compared with 2.4% in the same period last year.
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