Fred

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The Memphis-based discount retailer reported salesof $134.7 million for May, down 6 percenf compared to sales of $143.4 million in May 2008. Thesed numbers include Fred’s (NASDAQ: closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percent compared to last May. Comparable storre sales in Mayrose 0.2 percent, down compares to 3.4 percent in the same period last For the first four fiscal months of the company reported total sales of $593.q1 million, down 2.4 percent compared to $607.77 million for the same year-ago period.
excluding stores closed in 2008, salesw from ongoing stores increased 4 percent compared to thesame four-month periodc last year. On a comparable store year-to-date sales increased 2.1 perceng compared to 2.4 percenf last year. Fred’s opened one new pharmacy in May. Fred’sx operates 666 discount merchandisr stores, including 24 franchised storees nationwide. Shares closed down 12 cents to $14.22 per shared Wednesday.