Cato Fashion

#9526

Rank

$49.14M

Marketcap

United States

Country

Leadership team

Mr. John P. Derham Cato (Chairman, Pres & CEO)

Mr. Charles D. Knight (Exec. VP & CFO)

Mr. Gordon D. Smith (Exec. VP and Chief Real Estate & Store Devel. Officer)

Products/ Services

Fashion, Lifestyle, Retail

Number of Employees

1,000 - 20,000

Headquarters

Charlotte, North Carolina, United States

Established

1946

Company Registration

SEC CIK number: 0000018255

Net Income

5M - 20M

Revenue

500M - 1B

Traded as

CATO

Social Media

URL

https://www.catofashions.com

Overview

Location

Recognition and Award

References

Summary

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.

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. 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.Cato stores are typically located in strip malls anchored by a national discounter like Walmart.

Mission

New fashions every week. Low prices every day. You can always count on Cato for exclusive, on-trend, high quality fashions priced to offer you an exceptional value.

Vision

Our vision for the future is to create a shopping experience that is simple and effortless for our customers. We strive to provide products and services that are innovative and worth investing in, inspiring our customers to live their best lives and stand out from the crowd.

Key Team

Mr. Stephen Headley (Sr. VP of Sourcing & MDSE Support)

Mr. Woody Cozart (Sr. VP of GMM - Fashion Division)

Mr. Shawn E. Smith (Sec.)

Mr. Jeffrey R. Shock (Sr. VP & Controller)

Ms. Christin J. Reische (Assistant Sec.)

J. Gregory Fagan (VP & Gen. Counsel)

Recognition and Awards

Cato Fashion has been recognized as the “Retailer of the Year” by Women’s Wear Daily five times, most recently in 2019, and was a finalist in the “Retailer Innovation of the Year” category in 2020.