Cato Corporation

The Cato Corporation is an American retailer of women's fashions and accessories.[3] 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.[4]

The Cato Corporation
TypePublic
NYSE: CATO (Class A)
S&P 600 Component
Russell 2000 Component
IndustryApparel Stores
Founded1946
FounderWayland Cato
HeadquartersCharlotte, North Carolina, United States
Number of locations
1,372
Key people
John P. Derham Cato
(President and CEO)
RevenueUS$1.01 billion (2016)[1]
US$95.93 million (2016)[1]
US$66.84 million (2016)[1]
Total assetsUS$642.34 million (2016)[1]
Total equityUS$412.66 million (2016)[1]
Number of employees
10,500 (January 2016)[2]
Websitewww.catofashions.com

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.[5] 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.[5]

Cato stores are typically located in strip malls anchored by a national discounter like Walmart.[4]

Store divisions
  • Cato and Cato Plus—Junior, misses and plus sizes[4]
  • It's Fashion—Juniors, and Plus size[6]
  • It's Fashion Metro—Larger It's Fashion stores that also include clothing for men, big and tall men, infants and toddlers[6]
  • Versona -- "Exclusive" apparel and accessories[4]
Cato and Cato Plus in Griffin, Georgia

References
  1. "Cato Corporation (The) (CATO) Income Statement - Yahoo Finance". finance.yahoo.com. Retrieved Jan 29, 2021.
  2. "Overview | The Cato Corporation". catocorp.gcs-web.com. Retrieved Jan 29, 2021.
  3. "About Us". Cato Fashions. Retrieved 2014-03-05.
  4. "Cato Corp. 2014 Annual Report". Cato Corp. Retrieved 2016-04-08.
  5. Company History, Fundinguniverse.com, retrieved 2014-03-05
  6. "About It's Fashion". CatoFashions.com. Retrieved 2016-04-08.
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