Cato Corp. (CATO) Comps Fell 10% in Nov.
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CATO Reports November Same-Store Sales Down 10%
December 1, 2016 7:00 AM ESTCHARLOTTE, N.C., Dec. 1, 2016 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 26, 2016 of $68.2 million, a 10% decrease from sales of $76.0 million for the four week period ended November 28, 2015. Same-store sales for the month were down 10% to the prior year.
Sales for the ten months ended November 26, 2016 were $797.4 million, a 4% decrease from sales of $830.1 million for the ten months ended November 28, 2015. The Company's year-to-date same-store sales decreased 5%.
"November same-store sales were consistent with our current trend," stated John Cato, Chairman,... More
