The Cato Corp. posts 3% decline in September same store sales
Value-priced women's retailer The Cato Corp. (NYSE:CTR) reported comparable store sales for the month of September this morning that declined 3% from September of 2007. Sales for the month decreased 2%, as the retailer continued to grapple with a difficult economic environment coupled with a negative impact from hurricanes in the gulf coast during the month. Cato reieterated its third-quarter earnings guidance.
Shares were halted in pre-market trading. For detailed price information and news stories on The Cato Corp., click CTR.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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