Fred's Inc. (FRED) reported that total sales for December were $209.3 million, up 4% from $201.4 million in December 2008. Comparable store sales for the month increased 1.3% versus flat comparable store sales in the same period last year.
Total sales for the year-to-date period were $1.663 billion, down 1% from $1.673 billion in the year-earlier period. Excluding closed stores, total sales from ongoing stores increased 1% in the 2009 year-to-date period versus the same period last year. On a comparable store basis, sales increased 0.5% through the first 11 months of fiscal 2009 versus an increase of 2.2% in the year-earlier period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.