general merchandise

Retail
Fred’s Closing More Stores

SB360 Capital Partners, an asset disposition firm, said it has been retained by Fred’s as the exclusive consultant to conduct store closing sales in 104 additional stores for the retailer.

Retail
NRF: Retail Employment Gains

According to the National Retail Federation, retail industry employment in the U.S. increased by 28,800 jobs seasonally adjusted in May over April and 100,000 jobs unadjusted year-over-year.

Retail
Keyes Named Meijer CEO

Meijer has named Rick Keyes CEO. Keyes will add the CEO title after being named president last year. Before being appointed president, he had been Meijer’s evp/supply chain and manufacturing since 2006.

Financials
Fred’s Comps Slide In September

For the five-week fiscal month of September, Fred’s posted a comparable store sales decline of 4.9% versus the month last year. Total sales for September slipped 5.5% to $199.9 million from the previous month last year.

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