For every $1 the York County, S.C., town of Fort Mill receives in property taxes on residential properties, it has to spend $1.40 on services such as fire, police and schools. But for every $1 the town gets in taxes from commercial properties, it spends only 31 cents on services.
Charlotte-based Cato Corp. could become the owner of roughly 260 acres that surround Knights Stadium in this York County town, the county's economic development director said Friday.
It could get cheaper to redevelop sites in Charlotte. Under current rules, redevelopment means coughing up whatever it costs — and it can be in the hundreds of thousands of dollars, some say — to install devices that control where stormwater goes after a project, like a new shopping center, is complete. Developers and some [...]
Cato Corp. said its sales for the five weeks that ended July 2 rose 2 percent to $90.4 million from $88.2 million for the same period last year. The Charlotte-based clothing retailer also said same-store sales, those at stores that have been open at least a year, increased 1 percent over the period. Sales for [...]
Cato Corp. today said its May sales were $80.7 million, flat compared with the same month last year. But same-store sales were down 3 percent over the same period. “May same-store sales were below expectations and we remain cautious given the continuing economic uncertainty,” President John Cato said in a statement. Sales for the 17 weeks that [...]
Cato Corp. said its board of directors has approved a 24 percent increase in the company’s dividend. The increase means an annualized rate of 92 cents per Class A Class B common share. The dividend is payable quarterly at a rate of 23 cents per share. The first dividend is payable June 27 to shareholders [...]
Cato Corp. today said its net income was higher in the first quarter than the same quarter a year ago. The Charlotte-based company said it had earnings of $30.5 million, or $1.04 per diluted share, for the quarter that ended April 30, up from earnings of $25.1 million, or 85 cents per diluted share, for the [...]
Charlotte-based clothing retailer Cato Corp. today said sales for the five weeks that ended Saturday totaled $97.4 million, an 8 percent decrease from $105.7 million for the five-week period that ended April 3, 2010. Same-store sales for the month decreased 9 percent. Sales for the nine weeks that ended Saturday totaled $183.9 million, a 1 percent decrease from $185.7 million for [...]
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 [...]
Cato Corp. today said had $51.9 million in sales for the four weeks that ended Jan. 29, flat compared with $52.1 million for the four weeks ended Jan. 30, 2010. Same-store sales — those at stores open for at least a year — for the month declined 4 percent from the same month a year ago. The [...]