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Specialty pharmacy bumps Fred's sales
Fred's Inc. says the expansion of its specialty pharmacy business helped drive an increase in sales in June.
Fred's total sales for the period ended July 4 increased 12% to $212.9 million from $190.8 million in June 2014. Excluding $7.4 million from last year's June sales for 56 subsequently closed locations, total sales increased 16% for the month. Same store sales for the month increased 1.6% compared with a decrease of 0.6% in the same period last year.
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Ross Dress for Less to open a pair of new stores near Raleigh
Dublin, Calif. -- Ross Dress for Less will open two new stores in the Raleigh, North Carolina, area on July 18. The stores are located in the Wake Forest Crossing in Wake Forest, 15 miles northeast of downtown Raleigh, and the Shops at Cameron in Sanford, 50 miles southwest of Raleigh.
These openings are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.
