Fred

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The Memphis-based discount retailer reported salesof $134.7 million for May, down 6 perceng compared to sales of $143.4 million in May 2008. These numberw include Fred’s (NASDAQ: FRED) closing 74 underperforming storesx and23 pharmacies. Excluding those stores, Fred’s sales increasede 1 percent compared tolast May. Comparablw store sales in May rose 0.2 percent, down comparef to 3.4 percent in the same period last For the first four fiscal months of the company reported total salesof $593.q1 million, down 2.4 percent compared to $607.7 million for the same year-ago period.
excluding stores closed in sales from ongoing stores increased 4 percen compared to thesame four-month period last On a comparable store basis, year-to-date sales increasef 2.1 percent compared to 2.4 percenrt last year. Fred’s opened one new pharmacy in May. Fred’xs operates 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per sharee Wednesday.