Home / Knowledge / News / Apparel/Garments / Cato March net sales dip 3%
Cato March net sales dip 3%
Apr '14
The Cato Corporation reported sales for the five weeks ended April 5, 2014 of $102.0 million, a 3% decrease from sales of $105.6 million for the five week period ended April 6, 2013.  Same-store sales for the month decreased 5%.
Sales for the nine weeks ended April 5, 2014 were $188.9 million, a 1% decrease from sales of $190.2 million for the nine weeks ended April 6, 2013.  The Company's year-to-date same-store sales were down 2% to the prior year.
March sales were unfavorably impacted by the shift of Easter from late March last year to mid-April this year.  We expect April sales will be favorably impacted.  Because of this shift, the best measure for performance is the combined sales for the two months.
"We continue to expect first quarter earnings per diluted share to be in the range of $0.89 to $0.95," said John Cato, Chairman, President, and Chief Executive Officer.   
During the month of March, the Company opened stores in Conyers, GA and Kalamazoo, MI.  As of April 5, 2014, the Company operated 1,322 stores in 32 states, compared to 1,305 stores in 31 states as of April 6, 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.  

Cato Corporation

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

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...

Igor Chapurin

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

Prathyusha Garimella
Prathyusha Garimella

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search