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Fred’s November sales rise 2%, comps fall


Memphis, Tenn. - Fred's Inc. total sales for November 2014 increased 2% to $154.3 million from $151.2 million in November 2013. Same-store sales for the month decreased 2.3% compared to flat sales in the same period last year.

Fred’s said that same-store sales were in line with previously issued guidance and that the decision to close stores Thanksgiving Day pushed same-store sales from flat to negative growth.

During November, Fred's opened two full-service store locations and one Xpress location. Fred's also closed two Xpress locations and two franchise stores.

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