Home / Knowledge / News / Apparel/Garments / Apparel retailer Cato June sales rise 3%
Apparel retailer Cato June sales rise 3%
11
Jul '13
The Cato Corporation reported sales of $86.1 million for the five weeks ended July 6, 2013, a 3% increase from sales of $83.7 million for the five weeks ended June 30, 2012.  Same-store sales for the five-week period increased 1%.

Sales for the twenty-two weeks ended July 6, 2013 were $435.0 million, down 1% to sales of $440.8 million for the twenty-two weeks ended June 30, 2012.  The Company's year-to-date same-store sales decreased 3%.

"While June same-store sales were above trend," commented John Cato, Chairman, President, and Chief Executive Officer, "higher markdowns will affect our results for the quarter.  However, we still expect second quarter earnings per diluted share will be within our original guidance of $.42 to $.48, a decrease of 29% to 19% compared to $.59 last year. 

“Year-to-date same-store sales results have been volatile, driven in part by various economic uncertainties as well as unseasonable weather.   We believe this uncertainty will continue and we remain cautious as we look toward the second half of the year.  We remain comfortable with our original guidance."

During the month of June, the Company opened one store in Alpharetta, GA, relocated two stores in Knoxville, TN and Midland, TX and closed two stores.  As of July 6, 2013, the Company operated 1,306 stores in 31 states, compared to 1,295 stores in 31 states as of June 30, 2012.

Cato Corporation


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search