Home / Knowledge / News / Fashion / Cato January sales slightly better than recent trends
Cato January sales slightly better than recent trends
08
Feb '08
The Cato Corporation reported sales of $56.4 million for the four weeks ended February 2, 2008 as compared to sales of $69.3 million for the five-week period ended February 3, 2007, a decrease of 19%. January 2008 contains four weeks versus five weeks in January 2007. On a comparable four-week basis, total sales for the month increased 1% and comparable store sales decreased 2% from last year.

Sales for fiscal fourth quarter ended February 2, 2008 were $209.4 million as compared to sales of $230.7 million for the fourth quarter ended February 3, 2007, a decrease of 9%. On a comparable 13-week basis, total sales for the quarter decreased 3%, and comparable store sales decreased 6% from last year.

The Company's sales for fiscal 2007 were $834.3 million as compared to fiscal 2006 sales of $862.8 million, a 3% decrease. On a comparable 52-week basis, total sales for the fiscal year ended February 2, 2008 decreased 1% and comparable store sales decreased 4% from last year.

"January sales were slightly better than recent trends due to higher sales of markdown goods. We continue to expect sales to be negatively impacted in the coming months by the difficult retail environment," commented John Cato, Chairman, President, and Chief Executive Officer.

"We will continue to manage our inventory to our current sales levels. We remain comfortable with our previous estimate that fourth quarter results will be at the low end of a range of a loss of ($0.08) to $0.00 versus $.40 last year and the year will be in the range of $0.99 to $1.07 versus $1.62 last year."


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

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

Kerem Durdag
Biovation II LLC

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search