Home / Knowledge / News / Apparel/Garments / In four-weeks to Aug 2 sales up 6% at Cato Corp
In four-weeks to Aug 2 sales up 6% at Cato Corp
11
Aug '14
In the four-weeks period ending August 2, 2014, sales at Cato Corporation, a leading specialty retailer of value-priced fashion apparel and accessories, went up 6% while comparable stores sales rose slower at 4% in same period of four-weeks ending August 3, 2013.

In the period under review, Cato Corporation posted sales of $65.3 million, up from $61.6 million for the four weeks ended August 3, 2013. Same-store sales for the same period rose 4% from a year earlier.

For the second quarter ended August 2, 2014, sales stood at $243.8 million, up 6% versus sales of $229.4 million in prior year period. In the same period, second quarter same-store sales increased 3%.

Sales in the first half of fiscal year ended August 2, 2014, went up by 6% year-on-year to $526.2 million from $496.6 million. Comparable store sales for the first half were up 3% from a year ago.

"July same-store sales were in line with our year-to-date trend," commented John Cato, Chairman, President, and Chief Executive Officer. "We now expect second quarter earnings per diluted share to be in the range of $.50 to $.53 vs. $.51 last year, a decrease of 2% to an increase of 4%."

Cato Corporation said it will release second quarter results on Thursday, August 21, 2014.

Cato Corporation operated 1,328 stores in 32 states, compared to 1,306 stores in 31 states as of August 3, 2013, as of August 2, 2014.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

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

Kevin Nelson
TissueGen

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

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