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

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives
Textile industry

GST has levelled the playing field to an extent

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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