- 2014 Retail Store of the Year: And the winners are …
- Black Friday vs. Cyber Monday 2013 — Shopper Social Sentiment
- NRF forecasts 4.1% rise in retail sales for 2014; online to grow 9% to 12%
- Wal-Mart doubles small-store expansion amid weak sales and lowered outlook
- IBM: Physical stores will turn the tables in five years as buying local beats online
Charlotte, N.C. -- Women’s apparel retailer Cato Corp. said Thursday that first-quarter profit rose 4% to $31.7 million, from $30.5 million last year, prompting the company to raise its full-year profit forecast.
Sales inched up 1% to $275.3 million, but same-store sales dipped 2% among its Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro and Versona Accessories banners.
“Although the level of sales by month varied due to unexpected circumstances including early warm weather and the delay of tax refunds, first quarter sales overall were within our expectations and reflect the continuing difficult economic environment for our customers,” said John Cato, president and CEO.