Cato Corporation
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|
| Public | |
| Traded as | NYSE: CATO |
| Industry | Apparel Stores |
| Founded | 1946 |
| Headquarters | Charlotte, North Carolina, United States |
|
Number of locations
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1,346 |
|
Key people
|
John P. Derham Cato (President and CEO) |
| Revenue |  US$ 944.048 million (2012)[1] |
|
Number of employees
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9,600 (2013)[2] |
| Website | www |
Cato Corporation is an American retailer of women's fashions and accessories.[3] The company is headquartered in Charlotte, North Carolina. As of January 2015, the company operated 1,346 stores under the names Cato, Cato Plus, It's Fashion, It's Fashion Metro and Versona.[4]
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 Wal-Mart.[4]
Store divisions
- Cato and Cato Plus—Junior, misses and plus sizes[4]
- It's Fashion—Juniors, young men, boys and girls[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]
References
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