Fred

http://hrkropp.com/article/Tough-Sell--Realtor-com-Increases-Rates.html
The Memphis-based discount retailer reported salexsof $134.7 million for May, down 6 percenrt compared to sales of $143.4 million in May 2008. These numberxs include Fred’s (NASDAQ: FRED) closing 74 underperforminh stores and23 pharmacies. Excludin those stores, Fred’s sales increased 1 percent comparede tolast May. Comparable storde sales in Mayrose 0.2 percent, down compared to 3.4 percent in the same perioe last year. For the first four fiscal months of the company reported total saleswof $593.1 million, down 2.4 percentr compared to $607.7 million for the same year-agoo period.
However, excluding stores closed in 2008, salee from ongoing stores increased 4 percenyt compared to thesame four-month period last On a comparable stores basis, year-to-date sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openedf one new pharmacy in May. Fred’s operates 666 discount merchandiser stores, including 24 franchised stores nationwide. Shares closex down 12 cents to $14.
22 per share