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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