Cato Fashions news and archive

Cato Fashions posts flat same-store sales growth in December

The Cato Corporation reported sales of 86.5 million dollars, down 9 percent for the five weeks ended January 5, 2019. Same-store sales for December were flat compared to the same period last year. "December same store sales were slightly below our expectations," stated John Cato, Chairman, President, and Chief Executive Officer in a statement....

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Cato Fashions: November same-store sales drop 6 percent

The Cato Corporation said that its sales for the four weeks ended December 1, 2018 of 59.4 million dollars, were down 4 percent, while same-store sales for the month decreased 6 percent. "November same-store sales were disappointing and below our expectations," said John Cato, the company’s Chairman, President, and Chief Executive Officer in a...

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Cato Fashions posts flat sales growth in October

The Cato Corporation reported sales for the four weeks ended November 3, 2018 of 62.1 million dollars, flat compared to sales of 62.3 million dollars for the four week period ended October 28, 2017. Same-store sales for the month decreased 1 percent. "October same-store sales were below our expectations," said John Cato, the company’s Chairman,...

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Cato Fashions: July same-store sales rise 2 percent

The Cato Corporation has reported sales of 56.7 million dollars for the four weeks ended August 4, 2018, up 1 percent, while the company said, same-store sales for the period were up 2 percent. "Due to strong merchandise margins, as a result of much lower markdown sales versus last year, we expect the second quarter and year-to-date earnings to...

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Cato Fashions' June sales decline 2 percent

The Cato Corporation reported sales of 72.9 million dollars for the five weeks ended July 7, 2018, a 2 percent decrease from sales of 74.7 million dollars for the five weeks ended July 1, 2017. Same-store sales for the period were flat. "June same-store stores were slightly below our expectations," said John Cato, the company’s Chairman,...

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Cato Fashions February same-store sales drop 5 percent

The Cato Corporation reported sales for the four weeks ended March 3, 2018 of 67.2 million dollars, a 5 percent increase over sales of 63.8 million dollars for the four week period ended February 25, 2017. Same-store sales for the month decreased 5 percent from the prior year. "February same store sales were below our expectations," stated John...

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Cato Fashions December sales decline 9 percent

For the five weeks ended December 30, 2017, Cato Fashions reported sales of 94.7 million dollars, a 9 percent decrease against 104.4 million dollars for the same period ended December 31, 2016. Same-store sales for the month decreased 9 percent. "The December same store sales decline is consistent with our recent trend," stated the company’s...

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Cato November same-store sales down 8 percent

The Cato Corporation reported sales for the four weeks ended November 25, 2017 of 62.2 million dollars, a 9 percent over the same period last year, while same-store sales for the month decreased 8 percent. "The November same store sales decline is consistent with our current trend," stated John Cato, Chairman, President, and Chief Executive...

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Cato expects to report sharp drop in FY17 earnings

The Cato Corporation reported net income of 2.7 million dollars for the third quarter ended October 28, 2017, compared to 8.3 million dollars for the same quarter ended October 29, 2016. Earnings per diluted share were 0.11 dollar compared to 0.30 dollar last year. Sales decreased 9 percent to 188.4 million dollars, while same-store sales also...

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Cato Fashions' October sales drop 10 percent

The Cato Corporation sales for the four weeks ended October 28, 2017 of 62.3 million dollars decreased 10 percent, while same-store sales for the month decreased 7 percent. Sales for the third quarter ended October 28, 2017 were 188.4 million dollars, down 9 percent. Same-store sales for the quarter were also down 9 percent. "Consistent with our...

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Cato Fashions September sales down 8 percent

The Cato Corporation has reported sales of 69.8 million dollars for the five weeks ended September 30, 2017, an 8 percent decrease from sales of 76.2 million dollars for the same period ended October 1, 2016. Same-store sales decreased 11percemt from the prior year. "Negative sales trends continue to put severe pressure on merchandise margins...

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Cato Fashions' sales drop 9 percent in August

The Cato Corporation reported 9 percent drop in sales for the four weeks ended August 26, 2017 to 56.2 million dollars. Same-store sales in August were down 10 percent to the prior year. "Negative sales trends persisted in August and continue to put severe pressure on merchandise margins and profitability. Correcting the missteps to our...