Efird continued, "We look forward to the new year and our expansion in specialty pharmacy and clinical services, an acceleration of pharmacy acquisitions, our expansion of new auto and hardware product initiatives, and a roll out of new concepts, such as the smaller drug and dollar store. Considering Fred's growth prospects in the rapidly changing pharmacy industry, along with our new general merchandise initiatives, we believe there are significant opportunities to drive higher sales and profits in 2013."During January, Fred's opened two new stores, closed one store and closed one Xpress pharmacy. For the year, Fred's added a net total of 12 new locations, consisting of 20 new stores and 6 new Xpress pharmacies, which was offset by the closing of 14 company-owned stores. The Company also opened 24 new pharmacies in 2012 and closed 3, for a net addition of 21 pharmacies during the year.
Fred's Reports January Sales
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