Cato Corp. (CATO) March Comps Decline 21%
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Cato Reports March Same-Store Sales Down 21%
April 6, 2017 7:00 AM EDTCHARLOTTE, N.C., April 6, 2017 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the five weeks ended April 1, 2017 of $93.2 million, a 22% decrease from sales of $118.8 million for the five week period ended April 2, 2016. Same-store sales for the month decreased 21%
Sales for the nine weeks ended April 1, 2017 were $157.1 million, a 23% decrease from sales of $203.6 million for the nine weeks ended April 2, 2016. The Company's year-to-date same-store sales were down 22% to the prior year.
"We expect current sales headwinds to continue as we work through our merchandise assortment missteps," said John... More
