Fred

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The Memphis-based discount retailer reported salesof $134.7 millioh for May, down 6 percentt compared to sales of $143.4 milliomn in May 2008. These numbers include Fred’ (NASDAQ: FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’se sales increased 1 percent comparefd to last May. Comparabled store sales in Mayrose 0.2 down compared to 3.4 percent in the same period last year. For the first four fiscal monthsof 2009, the company reported total salesx of $593.1 million, down 2.4 percenrt compared to $607.7 million for the same year-ago period.
excluding stores closed in sales from ongoing storeas increased 4 percent compared to thesame four-month period last On a comparable store year-to-date sales increased 2.1 percent compared to 2.4 percenft last year. Fred’s opened one new pharmacy in May. Fred’a operates 666 discount merchandiswe stores, including 24 franchised stores nationwide. Shares closedc down 12 cents to $14.22 per share Wednesday.