Cato Corporation

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US retailers' May 2014 sales roundup Katie Smith | 6 Jun 14

Improved weather coupled with a slew of promotions helped to drive traffic and sales gains for US apparel retailers in May - with analysts expecting the upward trend to continue into June.


US: Cato Corp reveals mixed Q1 results Michelle Russell | 20 May 14

Cato Corporation has booked a mixed set of first-quarter results with earnings down but sales ahead of the company's expectations.


US retailers' April 2014 sales roundup Katie Smith | 9 May 14

Warmer weather combined with a late Easter, aggressive promotions, and improving employment prospects helped unleash pent-up demand in April - driving strong comparable store sales growth for US apparel retailers.


US retailers' March 2014 sales roundup Michelle Russell and Katie Smith | 11 Apr 14

US apparel retailers recorded mixed comparable store sales in March, but overall managed to beat very modest expectations resulting from the Easter holiday shift and continued cool weather.


US: Promo environment hits Cato Corp's Q4 Michelle Russell | 20 Mar 14

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


BANGLADESH: Rana Plaza compensation to begin next month Leonie Barrie | 19 Mar 14

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.


BANGLADESH: Funds fall short as Rana Plaza compensation nears Leonie Barrie | 14 Mar 14

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.


US retailers' February 2014 sales roundup Katie Smith | 7 Mar 14

US apparel retailers reported mixed comparable store sales in February, with some severely impacted by adverse weather conditions but others benefiting from a pick-up in traffic in the latter part of the month.


Bangladesh factory reforms “lagging” – but why? Richard Woodard | 12 Feb 14

Close to a year after the Rana Plaza disaster, progress on improving worker safety and labour rights in Bangladesh has been painfully slow – but who is responsible for the delays?


US retailers' January 2014 sales roundup Katie Smith | 7 Feb 14

Winter storms played havoc with US apparel retailers in January, forcing many shoppers to stay at home. But while some consumers were physically unable to spend, others simply lost the will, with holiday shopping fatigue, static wages, and a lack of inspiring new ranges all hitting comparable store sales.


US retailers' December 2013 sales roundup Katie Smith | 10 Jan 14

December proved to be a challenging month for US apparel retailers, with the most promotional retailing environment in five years, a shortened holiday season, sluggish consumer spending, and adverse weather conditions all taking their toll on comparable store sales.


BANGLADESH: Compensation fund created for Rana Plaza victims Leonie Barrie | 2 Jan 14

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.


US retailers' November 2013 sales roundup Katie Smith | 6 Dec 13

Steep discounts, flexible store opening times, price matching and free shipping were not enough to win US shoppers over in November, after apparel retailers delivered disappointing comparable store sales during the month.


CAMBODIA: Factory clean-up ordered after workers faint Katie Smith | 25 Nov 13

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.


US: Cato Q3 profit grows 5%, lifts outlook Katie Smith | 22 Nov 13

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.


US retailers' October 2013 sales roundup Leonie Barrie | 8 Nov 13

Despite low expectations, US apparel retailers managed to overcome a number of hurdles in October - including the government shutdown and soft economic growth - to post same-store sales gains for the month.


BANGLADESH: Report criticises Rana Plaza compensation progress Richard Woodard | 24 Oct 13

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.


US retailers' September 2013 sales roundup Katie Smith | 11 Oct 13

Lacklustre back-to-school sales, warmer than average temperatures, waning consumer confidence, worries over a government shutdown, and stagnant wage growth all combined to give another mixed sales bag for US apparel retailers in September.


Who is culpable for Bangladesh compensation? Petah Marian | 18 Sep 13

As the focus in Bangladesh shifts to compensation payments for the victims and survivors of recent garment factory tragedies, an intriguing issue is coming to the fore: who, exactly, is culpable? While the factory owners and their current customers are obvious targets, what about retailers and brands who might have sourced there in the past? asks Petah Marian.


Retail roundup: Promotions drive August US retail sales growth Katie Smith | 6 Sep 13

The back-to-school selling period got off to a slow start in August, as US apparel retailers moved to drive traffic with aggressive promotional activity, with all but one retailer posting sales gains.


US: Cato Q2 profit slips on slight sales decline Katie Smith | 22 Aug 13

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".


Retail roundup: Mixed July sales ahead of back-to-school Katie Smith | 9 Aug 13

The majority of US apparel retailers posted same-store sale gains last month - albeit below analyst expectations - despite higher fuel prices, summer doldrums, pay roll tax increases, and a lack of wage gains ahead of the back-to-school season.


Retail roundup: US retail sales on upward trajectory in June Katie Smith | 12 Jul 13

Same-store sales at US apparel retailers continued on an upward trajectory last month. June results saw the biggest gains since January, on the back of an improving labour market, better macroeconomic conditions, falling fuel prices, warmer weather and rising house prices.


Retail roundup: Warmer weather boosts May US retail sales Katie Smith | 7 Jun 13

Warmer weather and improved consumer confidence, boosted by rising stock and house prices as well as the ongoing economic recovery, helped the majority of US apparel retailers to post modest sales gains in May.


BANGLADESH: Activists put compensation costs at EUR54m Leonie Barrie | 24 May 13

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.


US: Cato Q1 profit slips on weaker sales Katie Smith | 23 May 13

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.


Retail roundup: Weather and economy drive April US retail sales Petah Marian | 10 May 13

Improving weather in late April, combined with rising stock and housing prices, offered some encouragement to US clothing retailers as sales gained over the month.


Viewpoint: Making clothes should never mean life or death Leonie Barrie | 2 May 13

Is Bangladesh is a place where workers are safe to make clothes sold by Western retailers and brands - and is the lure of low costs a risk worth taking? Last week's collapse of the eight-storey Rana Plaza factory complex has brought these concerns to the fore all over again.


BANGLADESH: Retailers take steps towards safety plan Leonie Barrie | 1 May 13

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.


UPDATE: BANGLADESH: Primark, Joe Fresh, Matalan to compensate factory victims Petah Marian | 30 Apr 13

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.

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