Home / Knowledge / News / Apparel/Garments / Cato reports flat same-store November sales
Cato reports flat same-store November sales
06
Dec '13
The Cato Corporation reported sales for the four weeks ended November 30, 2013 of $67.3 million, a 4% increase over sales of $64.9 million for the four week period ended November 24, 2012.  Same-store sales for the month were flat to the prior year.

Sales for the ten months ended November 30, 2013 were $762.6 million, a 1% decrease from sales of $766.7 million for the ten months ended November 24, 2012.  The Company's year-to-date same-store sales decreased 3%.

"November same-store sales were in line with expectations," stated John Cato, Chairman, President, and Chief Executive Officer.  "We continue to expect that the remainder of the holiday shopping season and fourth quarter will be difficult."

In November, the Company opened 10 new stores and relocated one store.  New stores opened in Athens, GA, Wichita, KS, Lincoln, NE, Fayetteville, NC, Fremont, OH, Lawton, OK, Hanover and Muncy, PA, Mt. Juliet, TN and Arlington, TX. 

The relocated store was in Lafayette, LA.  The Company also launched its online shopping website during November.  As of November 30, 2013, the Company operated 1,328 stores in 32 states, compared to 1,312 stores in 31 states as of November 24, 2012.

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.

Cato Corporation

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Victor Chao
Esmetex

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Giorgio Mantovani
Corman S.p.A

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search