Cato Corp. reports 8 percent increase in sales
Published: March 3, 2011
Time posted: 10:43 am
Tags: Cato Corp.
Cato Corp. today said sales for the four weeks that ended Saturday were $86.4 million, 8 percent higher than the sales of $80 million for the four-week period that ended Feb. 27, 2010.
The Charlotte-based clothing retailer also said same-store sales for February rose 5 percent over February of last year.
“February sales benefited from a shift in the timing of income tax refunds and more favorable weather than last year,” President John Cato said.
As of Saturday, the company operated 1,282 stores in 31 states, down from 1,271 stores in 31 states as of Feb. 27, 2010.