March 21, 2012

Regional discounter Fred's made good on its promise of a year ago to further expand a new merchandising initiative, but an intensely competitive market made fourth-quarter sales tough to come by.

November 22, 2011

Discount retailer Fred's realized positive third-quarter results, thanks to "strong customer traffic, higher gross margins in its general merchandise and pharmacy departments, as well as improved management of controllable operating costs," Fred's CEO Bruce Efird said.

August 25, 2011

Southeastern discount banner Fred's on Thursday morning reported that the consumer continues to be challenged by economic pressures.

August 4, 2011

Fred's on Thursday reported sales of $452.7 million, up 1% compared with the year-ago period, for the second quarter ended July 30.

July 7, 2011

Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

June 2, 2011

Fred's on Thursday reported sales of $143.5 million for the four weeks ended May 28, up 1%. Comparable-store sales for the month rose 0.2%, compared with an increase of 3.5% in the same period last year.

April 25, 2011

Fred’s last year migrated its more than 300 pharmacies to a more convenient front-of-store position in an effort to boost pharmacy revenue — and it worked. Fred’s 2010 pharmacy sales growth of 4.8% outpaced the discounter’s overall sales growth of 3% for the year. At the time Fred’s began executing against the pharmacy makeover, the company reported that test stores featuring front-of-store pharmacies enjoyed 20% higher sales per square foot as compared with the company’s average.


April 7, 2011

Fred's on Thursday reported a 3% increase in sales for the five weeks ended April 2, reaching $188.8 million.

March 24, 2011

Net income for Fred's jumped 49% during the fourth quarter to $8.6 million, or 22 cents per diluted share, compared with the year-ago period.

March 3, 2011

Fred's on Thursday posted a 2% increase in sales totaling $153.6 million for the four weeks ended Feb. 26. Comparable-store sales for the month rose 0.9% versus an increase of 2% in the same period last year.

February 3, 2011

Fred's on Wednesday reported a fiscal 2010 sales increase of 3% to $1.8 billion for the year ended Jan. 29. Comparable sales were up 2.2%, versus an increase of 0.4% in the prior year.

January 6, 2011

Looking to optimize pricing and promotions, Fred's on Wednesday announced that it will implement KSS Retail's PriceStrat solution in its more than 670 stores and 300 pharmacies throughout 15 states.

November 30, 2010

Total sales and comparable-store sales both rose during the month of November for Fred's, the chain announced Tuesday.

November 3, 2010

Fred's on Wednesday reported $434.9 million in sales, up 3% for the third quarter ended...