Fred

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The Memphis-based discount retailer reported salesof $134.78 million for May, down 6 percent comparefd to sales of $143.4 million in May 2008. Thes numbers include Fred’s (NASDAQ: FRED) closinf 74 underperforming stores and23 pharmacies. Excluding those Fred’s sales increased 1 percenf compared tolast May. Comparable storse sales in Mayrose 0.2 percent, down compared to 3.4 percentg in the same period last year. For the firsy four fiscal months of the company reported total salesof $593.1 million, down 2.4 percenyt compared to $607.7 million for the same year-ago period.
excluding stores closed in sales from ongoing stores increased 4 percenrt compared to thesame four-month period last On a comparable store basis, year-to-date sale increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’sa operates 666 discount merchandise including 24 franchisedstoresx nationwide. Shares closed down 12 cents to $14.2q per share Wednesday.