CHARLOTTE, N.C. Sales for the seventeen weeks ended June 1, 2013 "May sales continued to be difficult although better than our current trend," commented John Cato As of June 1, 2013 The Cato...
/PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales of $83.7 million for the five weeks ended June 30, 2012, a 7% decrease from sales of $90.4 million for the five weeks ended July 2, 2011. Same-store sales for the five-week period decreased 10%. Sales for the twenty-two weeks ended June 30, 2012 were $440.8 million, flat to sales of $442.0 million for the twenty-two weeks ended July 2, 2011. The Company's year-to-date same-store sales decreased 3%. "June same-store sales were below expectations," commented John Cato, Chairman, President, and Chief Executive Officer. "Year-to-date same-store sales results have been
SOURCE The Cato Corporation CHARLOTTE, N.C. Sales for the seventeen weeks ended May 26, 2012 "May same-store sales were good for much of the month and benefited from an easier comparison to the prior year," commented John Cato During the month of May, the Company opened a store in Plano, TX The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It's Fashion".� The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.� Versona is a unique fashion
Charlotte, N.C. -- Women’s apparel retailer Cato Corp. said Thursday that first-quarter profit rose 4% to $31.7 million, from $30.5 million last year, prompting the company to raise its full-year profit forecast. Sales inched up 1% to $275.3 million, but same-store sales dipped 2% among its Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro and Versona Accessories banners. “Although the level of sales by month varied due to unexpected circumstances including early warm weather and the delay of tax refunds, first quarter sales overall were within our expectations and reflect the continuing difficult economic environment for our
The Cato Corporation, a specialty retailer of fashion apparel and accessories, has reported that same-store sales for the four weeks ended April 28, 2012 decreased 6% when compared to the four weeks ended April 30, 2011. Sales for the four weeks ended April 28, 2012 were $84.9 million, a 3% decrease, compared to $87.3 million, for the four weeks ended April 30, 2011. Same-store sales for the first quarter ended April 28, 2012 decreased 2%. Sales for the first quarter ended April 28, 2012 were $272.8 million, a 1% increase, compared to $270.9 million, for the first quarter ended
March sales were favorably impacted by the shift of Easter to early April this year versus late April last year.� We expect April sales will be unfavorably impacted.� Because of this shift, the best measure for performance is the combined sales for the two months. "In addition to the impact of the Easter shift, March sales benefited from warmer weather and the delayed flow of tax refunds," said John Cato During the month of March, the Company opened five stores.� Stores opened in Marietta, GA is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts,