Cato November same-store sales down 10 percent

The Cato Corporation’ sale for the month of November were 68.2 million dollars, a 10 percent decrease from sales of 76 million dollars for the four week period ended November 28, 2015. Same-store sales for the month were down 10 percent as well.

"November same-store sales were consistent with our current trend," stated John Cato, Chairman, President, and CEO in a statement, adding, "and we remain cautious for the rest of the fourth quarter."

Sales for the ten months ended November 26, 2016 were 797.4 million dollars, a 4 percent decrease from sales of 830.1 million dollars for the ten months ended November 28, 2015. The Company's year-to-date same-store sales decreased 5 percent.

In November, the Company opened two new stores and relocated one store. New stores opened in Greenville, OH and Chillicothe, OH. The relocated store was in Fairfield, AL. As of November 26, 2016, the company operated 1,374 stores in 33 states, compared to 1,373 stores in 32 states as of November 28, 2015.

Picture:Cato Fashions