Home / Knowledge / News / Fashion / Fashion retailer Cato says customer spend pushes October sales

Fashion retailer Cato says customer spend pushes October sales

Nov '05
Fashion retailer Cato Corporation reported sales for the four weeks ended October 29, 2005 of $60.3 million, a 14 percent increase from sales of $52.9 million for the four week period ended October 30, 2004. Comparable store sales for the month increased 9 percent.

Sales for the third quarter ended October 29, 2005 were $177.8 million, a 9 percent increase over sales of $163.6 million for the third quarter ended October 30, 2004. Comparable store sales for the quarter increased 4 percent.

Sales for the thirty-nine weeks ended October 29, 2005 were $601.1 million, an increase of 6 percent from sales of $565.9 million for the thirty-nine weeks ended October 30, 2004. The Company's year-to-date comparable store sales increased 1 percent.

'October comp store sales were favorably impacted by higher customer spending in states affected by recent hurricanes and by cooler temperatures during the month,' stated John Cato, Chairman, President, and Chief Executive Officer. 'For the quarter, increased sales and higher merchandise margins have increased expected earnings. For the third quarter, they now expect earnings per diluted share to be in the range of $.11 to $.12 versus $.06 last year. This compares to their previous estimate of $.06 to $.08.'

The Company's will release third quarter financial results on Tuesday, November 15, 2005.

During the month of October, the Company opened 13 stores and relocated one store. New stores opened in Troy, AL, Swainsboro, GA, Sioux City, IA, Alton and West City, IL, Ft. Wayne, IN, Radcliff, KY, Hammond, LA (2 stores), El Reno, OK, Hereford and Ulvalde, TX and Midlothian, VA. The relocated store was in Glasgow, KY.

Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Textiles | On 17th Jan 2022

Vietnamese parliament approves economic stimulus package for recovery

The first extraordinary session of Vietnam’s 15th National Assembly...

Pic: Dreamstime.com

Textiles | On 17th Jan 2022

Industrial production up by 2.3% in euro area, 2.5% in EU: Eurostat

In November 2021, the seasonally adjusted industrial production rose...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Inflation in China tame in 2021 amid stable economy

China's inflation largely remained tame throughout 2021—barring a...

Interviews View All

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Eastman Chemical Company
Tchibo GmbH
The Top Form Brassiere Manufacturing Company Limited
Under Armour Global Sourcing Ltd
Aquarelle Clothing Limited
Brandix Lanka Limited
Groz-Beckert East Asia LLP
International Textile Manufacturers Federation
Recron Polyester from Reliance Industries Limited
Huntsman (Singapore) Pte Ltd
Desigual - ABASIC, S.A.
Aramark Uniform ;& Career Apparel, LLC
Bluestem Global Sourcing Limited
IKEA of Sweden AB
Tommy Hilfiger

January 2022

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

Advanced Search