Cato Corporation

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US apparel retailers' November 2016 sales roundup

Comparable store sales proved to be somewhat disappointing for the handful of US apparel retailers still reporting their figures in November...

US apparel retailers' October 2016 sales roundup

Monthly same store sales growth for the handful of US apparel retailers still reporting their figures has been anaemic since February 2015,...


Michelle Russell | 7 Oct 2016

Upside surprises were provided in September by two of the US apparel retailers who still report their monthly sales thanks to an uptick in consumer confidence and improving unemployment rates. The remaining three failed to capitalise, however, with The Buckle faring the worst. 


Michelle Russell | 5 Aug 2016

July proved to be another challenging month for the few US apparel retailers who still report their monthly sales, with the majority reporting comparable declines. Unseasonable weather, clearance and promotional activity, and even the impact of Pokemon Go are all blamed. 


Michelle Russell | 8 Jul 2016

June proved to be a more positive month for the few US apparel retailers who still report their monthly sales, thanks to better weather conditions and the Memorial Day holiday shift.


Michelle Russell | 6 Jun 2016

April showers did not bring forth May revenue flowers as the slow start to the spring season continued for the few US apparel retailers who still report their monthly sales.

Latest News

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Abercrombie & Fitch revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement. Foot Locker and Chico's, meanwhile, both saw growth thanks to the implementation of ongoing group strategies, and Destination XL managed to narrow its losses.


In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Michelle Russell | 2 Sep 2016

More favourable hot and dry weather and an uptick in consumer confidence resulted in a bounce-back in US same-store sales for August. For the few apparel retailers who still report their monthly sales, however, an increase in technology and travel spend weighed on monthly results. 


In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


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. 


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.


Katie Smith | 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.


Katie Smith | 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.


Michelle Russell | 21 Nov 2014

US retailer Cato Corporation has revealed third-quarter earnings and sales that exceeded the firm's guidance.


Michelle Russell | 21 Nov 2014

US retailer Cato Corporation has revealed third-quarter earnings and sales that exceeded the firm's guidance.


Michelle Russell | 21 Nov 2014

US retailer Cato Corporation has revealed third-quarter earnings and sales that exceeded the firm's guidance.


Michelle Russell | 21 Aug 2014

Cato Corporation has recorded an increase in second-quarter earnings and reaffirmed its EPS guidance for the full year.


Michelle Russell | 21 Aug 2014

Cato Corporation has recorded an increase in second-quarter earnings and reaffirmed its EPS guidance for the full year.


Michelle Russell | 21 Aug 2014

Cato Corporation has recorded an increase in second-quarter earnings and reaffirmed its EPS guidance for the full year.


Michelle Russell | 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.


Michelle Russell | 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.


Michelle Russell | 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.


Michelle Russell | 20 Mar 2014

A highly promotional holiday sales season and poor weather conditions weighed on Cato Corporation's earnings in the fourth quarter.


Michelle Russell | 20 Mar 2014

A highly promotional holiday sales season and poor weather conditions weighed on Cato Corporation's earnings in the fourth quarter.


Michelle Russell | 20 Mar 2014

A highly promotional holiday sales season and poor weather conditions weighed on Cato Corporation's earnings in the fourth quarter.


Leonie Barrie | 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.


Leonie Barrie | 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.


Leonie Barrie | 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.

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