follow us

Fred's makes strides in July, Q2

Memphis, Tenn. - Fred's Inc. saw its recent sales and comps momentum continue through July.

Fred's total sales for July, a four-week period ended Aug. 3, rose 4% to $142.2 million, and same-store sales were up 2.5% on top of an increase of 1.2% in the same period last year.

Second quarter total sales grew 2% to $482.3 million, and comps increased 2.2% compared to a 1.0% decline last year.

Year to date, Fred's total sales inched up 1% to $983.8 million, while comps made a small turnaround, increasing 0.5% versus the year-ago's 0.5% decline.

"July sales marked a continuation of positive trends in comparable store sales as both general merchandising and the pharmacy departments contributed equally to the month's increase, a balance we plan to maintain for the remainder of the year," said Bruce Efird, ceo.

 

Featured Video

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Home & Textiles Today