Cato Corporation

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US apparel retailers' July 2016 sales roundup

July proved to be another challenging month for the few US apparel retailers who still report their monthly sales, with the majority reporti...

US apparel retailers' June 2016 sales roundup

June proved to be a more positive month for the few US apparel retailers who still report their monthly sales, thanks to better weather cond...


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.


Leonie Barrie | 10 May 2016

The spring season appears to be off to a slow start for the few US apparel retailers who still report their monthly sales, with cool, wet weather continuing to dampen demand for spring clothing collections.


Katie Smith | 8 Apr 2016

March proved to be a challenging month for the few US apparel retailers who still report their monthly sales, with many hampered by the early timing of Easter this year. And the outlook for April is mixed as cold weather is cooling demand for spring clothing collections. 


Katie Smith | 11 Mar 2016

February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.

Latest News

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.


Katie Smith | 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.


Katie Smith | 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.

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