Closings Hinder Fred's Earnings
September 8, 2008,
Charges for closing dozens of underperforming stores pushed Fred's second-quarter profits down 66% to $1 million, or 3 cents per share.
Sales rose 5% to $447.1 million, while comps rose 3.5%.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily