Home / Knowledge / News / Apparel/Garments / Cato's inventory remains in line with sales
Cato's inventory remains in line with sales
Jun '08
The Cato Corporation reported sales of $80.5 million for the four weeks ended May 31, 2008, a 6% increase over sales of $75.9 million for the four weeks ended June 2, 2007. Comparable store sales for the month increased 2%.

Sales for the seventeen weeks ended May 31, 2008 were $306.3 million, a 2% increase over sales of $300.1 million for the seventeen weeks ended June 2, 2007. The Company's year-to-date comparable store sales decreased 1%.

"May sales were better than expected," commented John Cato, the Company's Chairman, President, and Chief Executive Officer. "Our inventory remains in line with our sales trend. We remain cautious regarding the economic environment and its impact on our customer base."

During the month of May, the Company opened four new stores and closed one store. The new stores are in Talladega, AL, Chiefland, FL, Laurinburg, NC and Killeen, TX. As of May 31, 2008, the Company operated 1,329 stores in 32 states, compared to 1,290 stores in 31 states as of June 2, 2007.

Cato Corporation

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Suresh Patel
Sidwin Fabric

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

Larry L Kinn
Suominen Corporation

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

Kevin Nelson

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

Rupa Sood and Sharan Apparao

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

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi

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

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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