Thursday, July 12, 2007

UPDATE 1-Fred's June sales up, co. says rise below estimate

(Reuters) - Sales at stores open at least a year rose 1.5 percent during
the five weeks ended July 7, while sales taking into account
all its outlets increased 4 percent to $166.2 million.




The shift to generics has a neutral-to-positive effect on
the profit because of their increased margins, Chief Executive
Michael Hayes said in a statement.


Read more at Reuters.com Market News

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