Home / Knowledge / News / Apparel/Garments / Value-priced apparel retailer Cato Corp Oct revenue up 4%
Value-priced apparel retailer Cato Corp Oct revenue up 4%
08
Nov '13
The Cato Corporation reported sales for the four weeks ended November 2, 2013 of $66.7 million, a 4% increase over sales of $64.3 million for the four week period ended October 27, 2012.  Same-store sales for the month increased 3%.

"October sales benefited from some cooler weather during the month relative to the prior year.  However, we continue to expect a difficult sales environment through the fourth quarter.  We now estimate that third quarter earnings per diluted share will be in the range of $.13 to $.15 versus $.16 last year and up from our previous guidance of the higher end of the range of $.02 to $.09," commented John Cato, Chairman, President, and Chief Executive Officer.   

During the month of October, the Company opened six stores and relocated one store.  New stores opened in Flint, MI, Lee's Summit, MO, Durham, NC, Norman, OK, Altoona, PA and Irving, TX.  The relocated store is in Morganton, NC.

Year-to-date, the Company has opened 16 new stores, relocated four stores, and closed eight stores.  As of November 2, 2013, the Company operated 1,318 stores in 32 states, compared to 1,306 stores in 31 states as of October 27, 2012.

The Company will release third quarter financial results on Thursday, November 21, 2013.

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 destination offering accessories and apparel including jewelry, handbags and shoes at exceptional prices every day.  It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.

Cato

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

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

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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