Cato Corp. (CATO) November Comps Decline 8%
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Cato Reports November Same-Store Sales Down 8%
November 30, 2017 7:00 AM ESTCHARLOTTE, N.C., Nov. 30, 2017 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 25, 2017 of $62.2 million, a 9% decrease from sales of $68.2 million for the four week period ended November 26, 2016. Same-store sales for the month decreased 8%.
Sales for the ten months ended November 25, 2017 were $693.2 million, a 13% decrease from sales of $797.4 million for the ten months ended November 26, 2016. The Company's year-to-date same-store sales decreased 13%.
"The November same store sales decline is consistent with our current trend," stated John Cato, Chairman, President, and Chief Executive... More
