logo
Share SHARE
FONT-SIZE Plus   Neg

Cato April Same-store Sales Down 6% - Quick Facts

Cato Corp. (CATO) reported sales of $84.9 million for the four weeks ended April 28, 2012, a 3% decrease from sales of $87.3 million for the four weeks ended April 30, 2011. Same-store sales decreased 6% for the month.

Sales for the first quarter ended April 28, 2012 were $272.8 million, a 1% increase over sales of $270.9 million for the first quarter ended April 30, 2011. Same-store sales for the first quarter dropped 2%.

According to the company, April sales were unfavorably impacted by the shift of a portion of Easter sales to March this year versus April last year, while March sales were favorably impacted. Because of this shift, the best measure for performance is the combined sales for the two months, which increased 2% overall and were flat to the prior year on a same store basis.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Courier Corp. (CRRC) announced Wednesday that its Board has reasonably determined that the non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a "Superior Proposal"... Diversified electronics maker TE Connectivity Ltd. agreed Wednesday to sell its broadband network solutions or BNS business unit to telecommunications company CommScope Holding Co., Inc. in an all-cash deal valued at about $3 billion. The sale will enable TE to focus on providing leading connectivity and sensor solutions, particularly harsh environment connectivity. Online foreign exchange trading company FXCM Inc (FXCM) on Wednesday announced its decision to forgive about 90% of its clients who incurred negative balances in certain jurisdictions, on January 15 as a result of the Swiss National Bank announcement on that date. FXCM will notify the applicable clients...
comments powered by Disqus
RELATED NEWS
Trade CATO now with 
Follow RTT