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Fred's reports flat same store sales for February
The deep freeze hitting much of the United States this winter helped Fred’s improve its same store sales from the prior year, with cold weather product departments performing well in February. Fred's total sales for February, not adjusting the closed stores, decreased 2% to $154.1 million from $157.4 million in February 2014. Same store sales for the month were approximately flat versus a decrease of 2.2% in February last year. -
Fewer retailers among Fortune’s ‘Best Companies’ list
The retail industry continued to backslide on Fortune’s list of the 100 Best Companies to Work For, but the slight may not be as bad as it seems.
The 2015 version of the list included 10 retailers compared to 12 retailers on the 2014 version and 14 retailers on the 2013 version. Notable inclusions on the 2015 list were Wegman’s (7), Container Store (27), QuikTrip (54),Whole Foods Market (55), Recreational Equipment (58), Build-A-Bear (59), CarMax (64), Publix (81), Zappos (86) and Nordstrom (93).