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Cato Corp 30-weeks ended sales up 5% at $454.0mn

02
Sep '05

Women's fashion apparel specialty store Cato Corporation reported sales for the four weeks ended August 27, 2005 of $54.9 million, a 6 percent increase from sales of $51.7 million for the four week period ended August 28, 2004. Comparable store sales increased 2 percent.

Sales for the thirty weeks ended August 27, 2005 were $478.3 million, an increase of 5 percent over sales of $454.0 million for the thirty weeks ended August 28, 2004. The Company's year-to-date comparable store sales were flat to the prior year.

"August sales were on plan and inventory remains fresh and is well- positioned for September selling," commented John Cato, Chairman, President, and Chief Executive Officer.

The Company relocated a store in Gaffney, SC during August. As of August 27, 2005, the Company operated 1,197 stores in 31 states, compared to 1,133 stores in 28 states as of August 28, 2004.

North Carolina based fashion firm 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.

Cato Corporation

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