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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sonia Agarwal
Whitenife

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search