More on Fred's (FRED) December sales: The 4.2% decline in sales compares to a more modest 0.4%...

|By:, SA News Editor

More on Fred's (FRED) December sales: The 4.2% decline in sales compares to a more modest 0.4% dip during the same period last year with CEO Bruce Efird blaming a tight consumer. The retailer now expects Q4 EPS to fall in a range of $0.25-$0.31 after it put in a weak holiday season. Looking forward to 2013, Fred's will try to rebound by rolling out a smaller drug and dollar store concept as well as relocating close to 125 stores.