Cato Corporation

The Cato Corporation
Public
Traded as NYSE: CATO (Class A)
S&P 600 Component
Russell 2000 Component
Industry Apparel Stores
Founded 1946
Headquarters Charlotte, North Carolina, United States
Number of locations
 1,372
Key people
 John P. Derham Cato
(President and CEO)
Revenue IncreaseUS$1.01 billion (2016)[1]
IncreaseUS$95.93 million (2016)[2]
IncreaseUS$66.84 million (2016)[3]
Total assets IncreaseUS$642.34 million (2016)[4]
Total equity IncreaseUS$412.66 million (2016)[5]
Number of employees
 10,500 (January 2016)[6]
Website www.catofashions.com

The Cato Corporation is an American retailer of women's fashions and accessories.[7] The company is headquartered in Charlotte, North Carolina. As of January 2016, the company operated 1,372 stores under the names Cato, Cato Plus, It's Fashion, It's Fashion Metro and Versona.[8]

History

In 1946, the company founder, Wayland Cato, left United Merchants to launch his own business with his son, Wayland Henry Cato, Jr., and Edgar Thomas.[9] The company went public in 1968, took itself private in 1980, then went public again in 1987. The company averted bankruptcy in the early 1990s after adopting a new discount pricing strategy and updated merchandise.[9]

Cato stores are typically located in strip malls anchored by a national discounter like Walmart.[8]

Store divisions

  • Cato and Cato Plus—Junior, misses and plus sizes[8]
  • It's Fashion—Juniors, and Plus size[10]
  • It's Fashion Metro—Larger It's Fashion stores that also include clothing for men, big and tall men, infants and toddlers[10]
  • Versona -- "Exclusive" apparel and accessories[8]

References

  1. ↑ https://finance.yahoo.com/quote/CATO/financials?p=CATO
  2. ↑ https://finance.yahoo.com/quote/CATO/financials?p=CATO
  3. ↑ https://finance.yahoo.com/quote/CATO/financials?p=CATO
  4. ↑ https://finance.yahoo.com/quote/CATO/financials?p=CATO
  5. ↑ https://finance.yahoo.com/quote/CATO/financials?p=CATO
  6. ↑ http://phx.corporate-ir.net/phoenix.zhtml?c=112628&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwODM2Mjk5JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3
  7. ↑ "About Us". Cato Fashions. Retrieved 2014-03-05.
  8. 1 2 3 4 "Cato Corp. 2014 Annual Report". Cato Corp. Retrieved 2016-04-08.
  9. 1 2 Company History, Fundinguniverse.com, retrieved 2014-03-05
  10. 1 2 "About It's Fashion". CatoFashions.com. Retrieved 2016-04-08.
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