- Prachi Singh
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The Cato Corporation reported sales of 59.1 million dollars for the
four weeks ended March 2, 2019, a 12 percent decrease over the four week
period ended March 3, 2018. The company said, same-store sales for the
month decreased 10 percent from the prior year.
“February same store sales were well below our expectations,”
stated John Cato, the company’s Chairman, President, and CEO in a
statement.
During the month of February, the company closed three stores and as
of March 2, 2019, operated 1,308 stores in 31 states, compared to 1,351
stores in 33 states as of March 3, 2018.
Picture:Facebook/Cato Fashions
