Fred’s Super Dollar reports March sales of $191.2 million, up 1%
MEMPHIS, Tenn. — Fred’s Super Dollar on Wednesday reported sales of $191.2 million, up 1%, for the five-week fiscal month of March ended April 5, 2014.
Comparable store sales for the month decreased 1.2% compared with a decrease of 3% in the prior-year period.
"As we discussed on our earnings conference call, March general merchandise sales would be challenged by the calendar shift of the Easter holiday from March last year to April this year, which was compounded by the continuing unseasonably cool weather we experienced across our market region," stated Bruce Efird, Fred’s CEO. "Looking beyond the weather and Easter-shift challenges in general merchandise, we continue to be pleased with the positive performance of our reconfiguration departments, most notably auto, hardware and pharmacy. Looking ahead, we expect stronger sales in April, as our stores are well-prepared, and we look forward to the arrival of the spring season and the Easter holiday."
Efird added that Fred’s plans to retrofit approximately 70 stores during April, resulting in approximately 60% of the chain being reconfigured through first quarter 2014.
During March, Fred’s opened one new store with a pharmacy and closed two stores without pharmacies.
Ambi expands product portfolio with two new launches
NEW YORK — Ambi, a beauty brand for women of color, is expanding its portfolio with the new Ambi Advanced 5% Micro-Benzoyl Peroxide Acne Spot Treatment and Ambi Even & Clear Makeup Removing Cleansing Cloths.
AMBI Advanced 5% Micro-Benzoyl Peroxide Acne Spot Treatment fights acne blemishes. The micro-encapsulated benzoyl peroxide in the formula helps deliver acne-fighting medicine deep into pores for effective results with less irritation. This product has special relevance for skin of color, which is three times as likely to develop dark spots from acne blemishes than other skin tones.
Recent trends also have revealed that the use of foundation and color cosmetics has increased over the past three years among women of color. As a result, there is a desire to have a quick and easy way to gently cleanse skin and effectively remove oil, dirt and signs of makeup, without a dry after-feel, the company stated. Ambi Even & Clear Makeup Removing Cleansing Cloths provide a soap-free formula with moisturizing ingredients that are contained within soft towelettes.
Ambi Advanced 5% Micro-Benzoyl Peroxide Acne Spot Treatment and Ambi Even & Clear Makeup Removing Cleansing Cloths will be available at national mass, drug and beauty supply stores in May for $5.99 each.
Costco sees boost in March sales
ISSAQUAH, Wash. — Costco announced on Thursday that its March sales increased 8% to $10.43 billion.
This year’s five-week period, ended April 6, included 35 days of sales compared to 34 last year, reflecting the timing of Easter. This calendar shift positively impacted this year’s net and comparable sales by an estimated 1 to 1.5%, the company stated.
During March, same-store sales rose 6% in the United States. For the total company, same-store sales increased 5% during that period.
For the 31 weeks ended April 6, Costco reported net sales of $64.65 billion, an increase of 6% from $61.02 billion during the similar period last year. U.S. same-store sales rose 4% for the period and 3% for the total company.