Fred's Inc. reported sales for the five-week fiscal month of December and the eleven month year-to-date period ended January 3, 2015. For the five week period, the company reported total sales for the month increased 1% to $210.7 million from $209.1 million in December 2013. Comparable store sales for the month declined 1.4% versus an increase of 1.4% for the same period last year.

For the eleven months, the company reported total sales for the year-to-date period increased 1% to $1.830 billion from $1.805 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 1.0% versus an increase of 0.9% for the year-earlier period.

During December 2014, Fred's opened two full-service store locations and four Xpress locations.

During December 2014, the company also closed 47 full-service store locations in line with its reconfiguration plan.