The Minneapolis-based specialty women’s retailer published its fourth quarter and full year 2017 results on Thursday, with improvements in sales and comps alleviating losses in the last quarter of the year.
The Cato Corporation has reported its February same store sales are down 5% over last year. It also reported a 5% increase over sales of $63.8 million for the four-week period ending February 25, 2017.
The California-based off-price department store chain has reported record sales for the fourth quarter and full year 2017, leading the company’s Board of Directors to raise the stock repurchase authorization for 2018.
It was tough in 2017. Who says so? One of Britain’s most successful retailers, that’s who. John Lewis Partnership saw its profits falling over 20% in the face of a competitive environment, but fashion outperformed.
The German fashion house expects sales growth to accelerate in 2018 thanks to a shift to add more sportswear and casual styles but is more cautious on profit as it keeps up investment in revamping stores and its website.