Home / Knowledge / News / Fashion / Fashion retailer Cato bang on Dec sales target

Fashion retailer Cato bang on Dec sales target

06
Jan '06
Women's fashion apparel specialty store Cato Corporation reported sales for the five weeks ended December 31, 2005 of $104.3 million, a 3 percent increase over sales of $101.4 million for the five weeks ended January 1, 2005.

Comparable store sales for the month decreased 2 percent.

Sales for the eleven months ended December 31, 2005 were $767.5 million, an increase of 6 percent over sales of $724.3 million for the eleven months ended January 1, 2005.

The Company's year-to-date comparable store sales increased 1 percent.

"December sales were within their estimated range," commented John Cato, Chairman, President, and Chief Executive Officer.

"They remain comfortable with their estimated fourth quarter earnings per diluted share range of $.28 to $.30 versus $.26 last year, an increase of 8 percent to 15 percent.

For the year, earnings per diluted share are estimated to be in the range of $1.32 to $1.34 versus $1.11 last year, an increase of 19 percent to 21 percent."

During the month of December, the Company opened nine new stores, relocated one store, and closed seven stores.

The new stores were in Kissimmee, Florida, Macon, Georgia, Washington, Illinois , Lafayette, Indiana , Roseville, Michigan , Columbus and Massillon, Ohio , Oklahoma City, Oklahoma , and Copperas Cove, Texas.

The relocated store was in Greenville, Tennessee .

The Company has seven stores that remain closed from 2005 hurricanes. Of these seven stores, five are expected to open early this year and two are expected to remain closed for an indefinite period of time.

As of December 31, 2005, the Company operated 1,234 stores in 31 states, compared to 1,168 stores in 29 states as of January 1, 2005.

The Cato Corporation is a leading specialty retailer of value-priced women's fashion apparel operating two divisions, "Cato" and "It's Fashion!".

The Company offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices, every day.

Cato Corporation


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Feb 2020

Turkey, Pak want to raise bilateral trade volume to $5 bn

Turkey and Pakistan want to raise bilateral commercial and economic...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Textiles | On 18th Feb 2020

IMF says Indian economic environment weaker than projected

There is an urgent need for more ambitious structural and financial...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

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

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


February 2020

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


Advanced Search