Cato’s December Comps Impress on Strong Holiday Sales
Charlotte, NC-based retailer of apparel and accessories for women, Cato Corporation ( CATO ), posted splendid sales results for the month ended Jan 3, 2015 driven by robust holiday sales. Results also gained from favorable weather conditions. For the five weeks ended Jan 3, the company’s comparable-store sales (comps) registered an increase of 6%, above the company’s expectations. […]