Written by David Horn
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Thursday, 01 December 2011 10:56 |
(CHARLOTTE) -- The Cato Corp. reported sales for the four weeks ended November 26, 2011 of $63.6 million, a 3-percent decrease from sales of $65.7 million for the four week period ended November 27, 2010. Same-store sales for the Charlotte-based discount women's apparel retailer in November decreased 5-percent.
"November same-store sales reflect the continuing difficult environment for middle and lower income customers as well as a difficult comparison to the prior year," stated John Cato, Chairman, President, and Chief Executive Officer.
Sales for the ten months ended November 26, 2011 were $762.7 million, an increase of 1-percent over sales of $754.7 million for the ten months ended November 27, 2010. The Company's year-to-date same-store sales decreased 1-percent.
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