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News Breaks
February 6, 2014
07:53 EDTFREDFred's reports adjusted January SSS down 1.8%
The company said, "On an adjusted basis, SSS decreased 1.8% in January versus flat comparable store sales in the year-earlier period. The Q4 SSS, on an adjusted basis, increased 0.1% compared with a decrease of 2.8% in the prior-year period. The weather was a significant challenge for us in January. It not only disrupted consumer shopping patterns, but also resulted in more than 120 store closings during the final week of the month. Prior to the last week of January, sales were running in the mid-range of our forecast, with reconfiguration departments leading the way. In the final week of the month, comparable store sales dropped into the negative double digits, culminating in a weather effect on comparable store sales for all of January that is estimated at more than 300 basis points."
News For FRED From The Last 14 Days
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July 18, 2014
09:18 EDTFREDFBR Capital 'skeptical' of Sycamore interest in Fred's
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July 17, 2014
13:00 EDTFREDFred's calls active on Sycamore said in early stage talks to acquire
Fred's July 12.5 and 15 calls are active on total call volume of 300 contracts (70 puts) on PE firm Sycamore Partners is in early stage talks to acquire, sources tell Reuters. August call option implied volatility is at 54, October is at 45; compared to its 26-week average of 37. Active call volume suggests traders taking positions for price movement.
12:44 EDTFREDSycamore in early talks to acquire Fred's, Reuters reports
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12:32 EDTFREDFred's up 9% after Reuters reports PE firm Sycamore in talks to buy company
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12:28 EDTFREDSycamore in early discussions to acquire Fred's, Reuters reports
July 10, 2014
07:45 EDTFREDFred's reports June SSS down 0.6%, total June sales up 2% $191.2M
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