Women's fashion apparel retailer Cato posts Nov sales results

01 Dec '06

1 min read

The Cato Corporation reported sales for the four weeks ended November 25, 2006 of $60.9 million, a decrease of 2% from sales of $62.1 million for the four week period ended November 26, 2005. Comparable store sales for the month decreased 6%.

Sales for the ten months ended November 25, 2006 were $693.0 million, an increase of 4% from sales of $663.2 million for the ten months ended November 26, 2005. The Company's year-to-date comparable store sales were flat compared to the prior year.

"November comp store sales were generally weak. In addition, higher spending in hurricane affected states last year further unfavorably impacted the month," stated John Cato, Chairman, President, and Chief Executive Officer.

During the month of November, the Company opened eight stores. New stores opened in Wetumpka, AL (2 stores), Quincy and Rockford, IL, La Porte, IN, Gallup, NM, Mocksville, NC, and Shamokin, PA.

As of November 25, 2006, the Company operated 1,278 stores in 31 states, compared to 1,232 stores in 31 states as of November 26, 2005.

The Cato Corporation

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