Cato's sales ring in flat in August |
Written by David Horn
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Thursday, 30 August 2012 09:54 |
(CHARLOTTE) -- The Cato Corporation reported sales for the four weeks ended August 25, 2012 of $62.1 million. This is a 2 percent increase over sales of $60.6 million for the four week period ended August 27, 2011. Same-store sales in August were flat to the prior year.
Sales for the Charlotte-based discount women's apparel retailer in the thirty weeks ended August 25, 2012 were $566.4 million. That is compared to sales of $565.7 million for the thirty weeks ended August 27, 2011. The Company's year-to-date same-store sales decreased 2 percent.
"August same-store sales were within our range of expectations and given the continuing economic and political situation, we remain cautious in regard to the remainder of the year," said John Cato, Chairman, President, and Chief Executive Officer.
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