Fred's reported sales results for the month and year to date ended December 31, 2016. For the month, sales in the month decreased 3.9% to $222.9 million from $232 million in December 2015. Comparable store sales for the month declined 3.4%, compared with a 2.4% increase in the year-ago period. The company's total sales for the year-to-date period decreased 0.8% to $1.98 billion, compared to $1.99 billion for the same period last year. On a comparable store basis, year-to-date sales declined 2%, compared to a 1.5% rise for the year-ago period.