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Is Fred's going out of business?


I heard a rumor that Fred's dollar stores are going out of business in Jackson Tn. Has anyone heard this about Freds stores in other locations? Is there any confirmation to these rumors?

If they are it doesn't look like it from what this says.

Fred's said total sales for March rose 4% to $178.3 million, .... 10:49 AM ET, Apr 04, 2008 - WSJ.comFamily

http://www.fredsinc.com/Stores/StoreFilt...

http://www.nasdaq.com/asp/quotes_reports...

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