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Cato Fashions history
Cato Fashions company history timeline
By 1948 Cato's seven stores garnered $700,000 in sales and $30,000 in net earnings.
The post of merchandise manager was filled in 1949 with Murray Turkel, a New Yorker.
The 54 stores owned by Glamor Shops would more than double Cato's store holdings, and a loss in 1958 made its owners eager to sell.
However, the soft economy and concerns over Glamor's drawbacks--particularly its expensive lease arrangements and relatively inefficient operations--scuttled the deal in 1962 after almost two years of negotiations.
Overexpansion and a highly competitive environment compounded the company's misfortunes, however, and the company teetered towards bankruptcy, losing $10 million in 1990, when its stock fell to 56 cents a share.
Cato stock peaked at $24.75 a share in 1993, but fell to $5.50 on earnings of $18 million the next year.
Cato opened 80 Cato division stores in 1994--all of them carrying regular and plus-size clothing.
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Cato Fashions competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stein Mart | 1908 | $1.2B | 11,000 | - |
| Shoe Carnival | 1978 | $1.2B | 2,300 | 25 |
| Genesco | 1924 | $2.3B | 21,000 | 20 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 2,360 |
| SHOE SHOW | 1960 | $6.2B | 140 | 1 |
| The Home Depot | 1978 | $159.5B | 500,001 | 21,993 |
| Gabriel Brothers | 1961 | $710.0M | 3,000 | - |
| Kohl's | 1962 | $16.2B | 110,000 | 1,321 |
| Dillard's | 1938 | $6.6B | 40,000 | 17 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
Cato Fashions history FAQs
Zippia gives an in-depth look into the details of Cato Fashions, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cato Fashions. The employee data is based on information from people who have self-reported their past or current employments at Cato Fashions. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cato Fashions. The data presented on this page does not represent the view of Cato Fashions and its employees or that of Zippia.
Cato Fashions may also be known as or be related to CATO CORP, Cato, Cato Corporation, Cato Fashions, Cato, Incorporated, The Cato Corp. and The Cato Corporation.