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Fred's credits pharmacy comps, script growth for Sept. sales growth
Fred’s saw positive performance in its general merchandise and pharmacy departments, which lead to sales of $177.3 million in September, an increase of 4% over September 2012.
The Memphis, Tenn.-based company, which operates 702 stores in the South, said same-store sales increased by 2.8%, compared with a 3.8% decrease last year.
For the year to date, sales were $1.3 billion, a 1% increase over $1.3 billion during the same period last year. Same-store sales increased by 0.8%, compared with a 1.2% decrease last year.
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SAP: Retail’s future will be personalized, global
Dallas – Increased one-to-one personalization and a growing global economy are two key “megatrends” that will help steer the future direction of retail, according to Dr. Chakib Bhoudry, executive VP of retail industry solutions for SAP. Bhoudry discussed these and other trends in his Oct. 8 keynote address, “Megatrends and the Future of Retailing,” at the SAP Retail Forum 2013 in Dallas.