Cato witnesses marginal rise in November same-store sales

The Cato Corporation reported sales of 76 million dollars, a rise of 3 percent for the four weeks ended November 28, 2015 over sales of 73.8 million dollars for the four week period ended November 29, 2014. Same-store sales for the month were up 1 percent to the prior year.

“November same-store sales were slightly above expectations," stated John Cato, Chairman, President, and Chief Executive Officer, adding, “However, we remain cautious for the rest of the holiday shopping season and fourth quarter.”

Sales for the ten months ended November 28, 2015 were 830.1 million dollars, a 2 percent increase from sales of 813.8 million dollars for the ten months ended November 29, 2014. The company's year-to-date same-store sales decreased 1 percent.

In November, the company opened three new stores and relocated one store in Eagle Pass, TX. New stores opened in Guymon, OK, Farmington, NM, and Huntsville, AL. As of November 28, 2015, the company operated 1,373 stores in 32 states, compared to 1,348 stores in 32 states as of November 29, 2014.