Cato Fashions was founded in 1946 by Wayland Cato, who left his place of employment to open his own clothing shop along with his son, Wayland Junior.
The company operates its stores under several different names including Cato Company, Cato Plus, It’s Fashion, and It’s Fashion Metro. Cato Fashions offers a wide variety of clothing including dressy, business, casual, sleepwear, dresses, coats, lingerie, shoes for both men and women, costume jewelry and handbags as well as men’s wear, infants, and children’s clothing. Most items are sold under the company name of Cato Fashions with few exceptions.
Cato Fashions had annual revenue in 2013 of $905.7 million and more than 9,000 employees.
The company is publicly traded on the New York Stock Exchange under the ticker symbol: CATO.
In October 2022, the company noted a net loss of $4.5 million.
Most financial experts state that the loss is due to the coronavirus and they expect the company will be able to turn things around in 2023.
Cato Fashions maintains a corporate office in Charlotte, North Carolina.
Cato Fashions was founded in 1946 by Wayland Cato, who left his place of employment to open his own clothing shop along with his son, Wayland Junior.
History
The company operates its stores under several different names including Cato Company, Cato Plus, It’s Fashion, and It’s Fashion Metro. Cato Fashions offers a wide variety of clothing including dressy, business, casual, sleepwear, dresses, coats, lingerie, shoes for both men and women, costume jewelry and handbags as well as men’s wear, infants, and children’s clothing. Most items are sold under the company name of Cato Fashions with few exceptions.
Cato Fashions had annual revenue in 2013 of $905.7 million and more than 9,000 employees.
The company is publicly traded on the New York Stock Exchange under the ticker symbol: CATO.
In October 2022, the company noted a net loss of $4.5 million.
Most financial experts state that the loss is due to the coronavirus and they expect the company will be able to turn things around in 2023.
Cato Fashions maintains a corporate office in Charlotte, North Carolina.
