US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, a...
July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern...
| 10 Jul 2015
An improving US labour market, rising consumer confidence and higher wages were not enough to spark a significant break-out in spending in June, with half of the clothing chains reporting monthly comparable store sales seeing lower or flat trends.
| 12 May 2015
A shift in the timing of Easter, coupled with the lingering adverse effects of the West Coast port delays, as well as an economic soft patch in the first quarter, led to the majority of US apparel retailers recording comparable store sales declines in April.
| 10 Apr 2015
While the earlier Easter this year helped the majority of US apparel retailers to book comparable store sales growth in March, adverse weather conditions, an economic soft patch during the first quarter, and lingering effects of the West Coast ports labour dispute weighed on overall results.
| 6 Mar 2015
US apparel retailers reported mixed comparable store sales in February, as significant headwinds including extreme winter weather, additional costs and delays from the West Coast ports slowdown, foreign exchange rates and higher gas prices all weighed on results.
| 25 Sep 2015
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
| 26 Jun 2015
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.
| 20 Mar 2015
Value fashion retailer Cato Corp has warned that 2015 may continue to be challenging, despite more than doubling its net profit during the fourth quarter, and favourable weather boosting sales.
| 21 Nov 2014
US retailer Cato Corporation has revealed third-quarter earnings and sales that exceeded the firm's guidance.
| 21 Aug 2014
Cato Corporation has recorded an increase in second-quarter earnings and reaffirmed its EPS guidance for the full year.
| 20 May 2014
Cato Corporation has booked a mixed set of first-quarter results with earnings down but sales ahead of the company's expectations.
| 20 Mar 2014
A highly promotional holiday sales season and poor weather conditions weighed on Cato Corporation's earnings in the fourth quarter.
| 19 Mar 2014
The committee set up to pay compensation to the victims of the Rana Plaza factory collapse aims to distribute US$2m to around 3,600 workers and families before the one-year anniversary of the tragedy on 24 April.
| 14 Mar 2014
Compensation payments to victims of the Rana Plaza factory collapse are due to start next month - but campaigners admit funds still fall far short of the $40m needed to make payments to all workers.
| 2 Jan 2014
Eight months after the Rana Plaza garment factory complex collapsed in Bangladesh with the loss of more than 1,190 lives, a landmark agreement has been reached to deliver an estimated $40m in compensation to victims of the disaster.
| 25 Nov 2013
Random inspections are set to take place at garment manufacturer King First Industrial Co after more than 100 workers fainted over two days last week.
| 22 Nov 2013
Cato Corporation has reported a 5% increase in third-quarter net profit, helped by a better-than-expected performance in October - and has lifted its full-year earnings guidance.
| 24 Oct 2013
Not enough progress has been made on delivering compensation to families and workers affected by the Rana Plaza building collapse, according to a new report from the Clean Clothes Campaign and the International Labour Rights Forum.
| 22 Aug 2013
Value-priced fashion retailer The Cato Corporation today (22 August) posted a 15.5% decline in second quarter profit as sales slipped amid a "difficult environment".
| 24 May 2013
Labour rights groups estimate that more than EUR54m (US$71m) in long-term compensation payments are due to victims of the Rana Plaza factory complex collapse in Bangladesh last month.
| 23 May 2013
Value-priced fashion apparel The Cato Corporation has today (23 May) reported a 2.8% decline in first-quarter profit after cooler temperatures dampened sales.
| 1 May 2013
A group of Western clothing retailers and brands have agreed to a deadline later this month to finalise a fire and building safety plan aimed at preventing industrial disasters like the collapse last week of the Rana Plaza factory complex in Bangladesh.
| 30 Apr 2013
UK fashion retailers Primark and Matalan, as well as Canadian brand Joe Fresh, have all agreed to pay compensation and offer emergency food aid to victims who worked for their suppliers in the collapsed Bangladesh factory building.
| 22 Mar 2013
Value-led fashion retailer The Cato Corporation saw net profit slump in the fourth quarter, hit by the weak economy and rising costs.
| 16 Nov 2012
Value fashion retailer The Cato Corporation has updated its full-year earnings guidance after posting a 24% drop in third quarter profit.
| 16 Aug 2012
US clothing retailer Cato reported a 4.4% decline in second quarter net income as it faced a challenging consumer environment.
| 18 May 2012
Cato has reported a 4% increase in first quarter net income as the company said it sold more higher margin merchandise.
| 16 Mar 2012
Value-led clothing retailer The Cato Corporation recorded a 7% drop in fourth quarter profit, impacted by a slight revenue decline and a 4% fall in comparable store sales.
| 18 Nov 2011
Value fashion retailer The Cato Corporation expects full-year earnings to come in at the low end of forecasts after seeing third-quarter sales fall amid difficult economic conditions.
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