Cato Corporation: Difference between revisions - Wikipedia


Article Images

Tags: Rollback Mobile edit Mobile web edit Advanced mobile edit

(26 intermediate revisions by 18 users not shown)

Line 1:

{{Short description|American women's clothing retailer}}

{{Infobox company

| name = The Cato Corporation

| logo = File:Cato_Corporation_logo.gif

| type = [[Public]]

| foundation = 1946

| founder = Wayland Cato

| location = [[Charlotte, North Carolina]], United StatesU.S.

| locations = 1,372

| industry = Apparel Storesstores

| traded_as = {{NYSE|CATO}} (Class A)<br>[[S&P 600|S&P 600 Component]]<br/>[[Russell 2000 Index|Russell 2000 Component]] component

| key_people = John P. Derham Cato <br />({{small|President and CEO}})

| revenue = {{up}}US$1.01 billion (2016)<ref>https://finance.yahoo.com/quote/CATO/financials?p=CATO</ref>

| operating_incomerevenue = {{up}}US$951.9301 millionbillion (2016)<ref name="finance.yahoo.com">{{Cite web|url=https://finance.yahoo.com/quote/CATO/financials?p/|title=Cato Corporation (The) (CATO) Income Statement - Yahoo Finance|website=finance.yahoo.com|access-date=Jan 29, 2021}}</ref>

| net_income operating_income = {{up}}US$6695.8493 million (2016)<ref>https:// name="finance.yahoo.com"/quote/CATO/financials?p=CATO</ref>

| assets net_income = {{up}}US$64266.3484 million (2016)<ref>https:// name="finance.yahoo.com"/quote/CATO/financials?p=CATO</ref>

| equity assets = {{up}}US$412642.6634 million (2016)<ref>https:// name="finance.yahoo.com"/quote/CATO/financials?p=CATO</ref>

| equity = {{up}}US$412.66 million (2016)<ref name="finance.yahoo.com"/>

| num_employees = 10,500 (January 2016)<ref>http://phx.corporate-ir.net/phoenix.zhtml?c=112628&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwODM2Mjk5JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3</ref>

| num_employees = 10,500 (January 2016)<ref>{{Cite web|url=http://catocorp.gcs-web.com/|title=Overview &#124; The Cato Corporation|website=catocorp.gcs-web.com|access-date=Jan 29, 2021}}</ref>

| homepage = {{URL|http://www.catofashions.com/}}

}}

'''The Cato Corporation''' is an American retailer of women's fashions and accessories.<ref>{{cite web|author= |url=http://www.catofashions.com/about/ |title=About Us |publisher=Cato Fashions |date= |accessdateaccess-date=2014-03-05}}</ref> 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.<ref name=annualreport>{{cite web |author= |url=httphttps://www.annualreports.com/Click/7909 |title=Cato Corp. 2014 Annual Report |publisher=Cato Corp. |date= |accessdateaccess-date=2016-04-08 }}{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

==History==

{{Expand section|date=March 2020}}

In 1946, the company founder, Wayland Cato, left United Merchants to launch his own business in Charlotte with his sonsons, Wayland Henry Cato, Jr., and Edgar Thomas.<ref name= history>{{Citation|title=Company History|url=http://www.fundinguniverse.com/company-histories/cato-corporation-history/|publisher=Fundinguniverse.com|accessdateaccess-date=2014-03-05}}</ref> 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.<ref name= history />

Five main-street stores were opened in the first year, with two more being opened in 1947. Earnings for that year were $404,000. The company continued to open stores through the 1950s, including some in shopping centers.

The company went public in 1968, took itself private in 1980, then went public again in 1987. Early in the 1990s, the business avoided bankruptcy by implementing a new discount pricing strategy and updating its inventory.<ref name= history />

Cato stores are typically located in strip malls anchored by a national discounter like [[Walmart]].<ref name=annualreport />

Line 27 ⟶ 34:

==Store divisions==

* Cato and Cato Plus—Junior, misses and plus sizes<ref name=annualreport />

* It's Fashion—Juniors, youngand men, boys andPlus girlssize<ref name=itsfashion>{{cite web|author= |url=https://www.catofashions.com/info/about-its-fashion |title=About It's Fashion |publisher=CatoFashions.com |date= |accessdateaccess-date=2016-04-08}}</ref>

* It's Fashion Metro—Larger It's Fashion stores that also include clothing for men, big and tall men, infants and toddlers<ref name=itsfashion />

* Versona -- "Exclusive" apparel and accessories<ref name=annualreport />

[[File:Cato and Cato Plus, Spalding Village.jpg|thumb|right|Cato and Cato Plus in [[Griffin, Georgia]]]]

==References==

Line 37 ⟶ 45:

*[http://www.catofashions.com/ Official Cato website]

*[https://www.shopversona.com/ Official Versona website]

{{Authority control}}

[[Category:Companies listed on the New York Stock Exchange]]

[[Category:Online retailers]]

[[Category:Retail companies of the United States]]▼

[[Category:Clothing retailers of the United States]]

[[Category:Companies based in Charlotte, North Carolina]]

[[Category:American companies established in 1946]]

▲[[Category:Retail companies ofestablished thein United States1946]]

[[Category:1946 establishments in North Carolina]]

[[Category:1960s initial public offerings]]

[[Category:1980s initial public offerings]]