Freds Home Business Tough' in 2Q

摘要

Fred's Inc.'s home category continued to be "tough" during the regional discount department store chain's second quarter, with inventories down as Fred's worked to trade quantity for quality in this small segment of its business.rn"[For back to school] we were pleased with our school supplies stationary-related sales overall and our product sell-through - both which ran above plan," said Bruce Efird, president and ceo, during the company's second quarter earnings call. "However, we did not perform up to expectations in other back-to-school related departments, such as home furnishings and apparel, which continue to be tough areas for our consumers in this environment."