Fred's Super Dollar reports slight gains for November

MEMPHIS, Tenn. — Fred's Super Dollar on Wednesday reported a 1% increase in total sales, to $151.5 million, for the four weeks ended Nov. 30. Comparable-store sales for the month were flat versus a decline of 3.6% in the same period last year.

"The environment was as competitive as expected, and the later Thanksgiving holiday had a negative impact on sales," noted Bruce Efird, Fred's CEO. "As anticipated, our pharmacy department continued to perform well during the month," he said.  

"Entering December, our stores are in great shape from a merchandise and operational execution standpoint," Efird added. 

During the month, Fred's opened one store and closed four stores and one Xpress pharmacy location.