USA: Cato Enjoys Strong Q3 On Better Cost Controls
Women's fashion chain Cato Corp on Tuesday announced an eight per cent rise in third quarter net income thanks to improved inventory management and better cost controls. The North Carolina-based company said in a news release net profit climbed to $5.4 million from $5m in 2001 on the back of a seven per cent year-on-year climb in sales to $158.2m.
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