Fred

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The Memphis-based discount retailer reportes salesof $134.7 milliom for May, down 6 percent comparef to sales of $143.4 million in May 2008. Thesee numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storexs and23 pharmacies. Excluding those stores, Fred’s sales increased 1 perceng compared tolast May. Comparables store sales in Mayrose 0.2 percent, down comparee to 3.4 percent in the same period last For the first four fiscap months of 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.y million for the same year-ago period.
excluding stores closed in 2008, sales from ongoinfg stores increased 4 percent compared to thesame four-monthh period last year. On a comparabl store basis, year-to-date sales increased 2.1 percent compared to 2.4 percentg last year. Fred’s opened one new pharmacy in May. Fred’zs operates 666 discount merchandise stores, includinh 24 franchised stores nationwide. Sharesz closed down 12 cents to $14.
22 per share