Cato Corporation
 | |
| Company type | Public |
|---|---|
| NYSE: CATO (Class A) S&P 600 Component Russell 2000 Component | |
| Industry | Apparel Stores |
| Founded | 1946 |
| Founder | Wayland Cato |
| Headquarters | Charlotte, North Carolina, United States |
Number of locations | 1,372 |
Key people | John P. Derham Cato (President and CEO) |
| Revenue |  US$1.01 billion (2016)[1] |
| US$95.93 million (2016)[2] | |
| US$66.84 million (2016)[3] | |
| Total assets | US$642.34 million (2016)[4] |
| Total equity | US$412.66 million (2016)[5] |
Number of employees | 10,500 (January 2016)[6] |
| Website | www |
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
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (March 2020) |
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
- ^ https://finance.yahoo.com/quote/CATO/financials?p=CATO
- ^ https://finance.yahoo.com/quote/CATO/financials?p=CATO
- ^ https://finance.yahoo.com/quote/CATO/financials?p=CATO
- ^ https://finance.yahoo.com/quote/CATO/financials?p=CATO
- ^ https://finance.yahoo.com/quote/CATO/financials?p=CATO
- ^ http://phx.corporate-ir.net/phoenix.zhtml?c=112628&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwODM2Mjk5JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3
- ^ "About Us". Cato Fashions. Retrieved 2014-03-05.
- ^ a b c d "Cato Corp. 2014 Annual Report". Cato Corp. Retrieved 2016-04-08.[permanent dead link]
- ^ a b Company History, Fundinguniverse.com, retrieved 2014-03-05
- ^ a b "About It's Fashion". CatoFashions.com. Retrieved 2016-04-08.
External links
- Companies listed on the New York Stock Exchange
- Clothing retailers of the United States
- Companies based in Charlotte, North Carolina
- American companies established in 1946
- Retail companies established in 1946
- 1946 establishments in North Carolina
- 1960s initial public offerings
- 1980s initial public offerings