Home / Knowledge / News / Fashion / Women's fashion apparel retailer Cato reaffirms Q1 guidance
Women's fashion apparel retailer Cato reaffirms Q1 guidance
10
Apr '08
The Cato Corporation reported sales for the five weeks ended April 5, 2008 of $89.2 million, a 6% decrease from sales of $95.1 million for the five week period ended April 7, 2007. Comparable store sales for the month decreased 9%.

Sales for the nine weeks ended April 5, 2008 were $156.4 million, a 2% decrease from sales of $160.0 million for the nine weeks ended April 7, 2007. The Company's year-to-date comparable store sales decreased 4%.

March sales were unfavorably impacted by the shift of Easter to March 23rd this year versus April 8th last year, while April sales are expected to be favorably impacted by this shift. More specifically, the soft sales week following Easter shifted to March this year compared to April last year.

"In addition to the Easter shift, March sales were impacted by the current retail environment," stated John Cato, Chairman, President, and Chief Executive Officer. "We remain comfortable with our estimated first quarter earnings per diluted share range of $.49 to $.55, a decrease of 17% to 7% from first quarter 2007 diluted earnings per share of $.59."

During the month of March, the Company opened four stores and closed five stores. The new stores opened in Louisville, KY, Rome, NY, Coweta, OK, and Blythewood, SC. As of April 5, 2008, the Company operated 1,320 stores in 32 states, compared to 1,281 stores in 31 states as of April 7, 2007.

Cato Corporation


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Suresh P Bagrecha

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

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

Judy Frater
Somaiya Kala Vidya

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

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