-
Cato Q3 earnings leap 123%
Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.
Sales increased 4% to $198 million, compared with $191 million for the year-ago period.
Same-store sales for the quarter increased 2%.
The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009. -
Trans World narrows loss in Q3
Albany, N.Y. -- Trans World Entertainment Corp. reported Thursday that it recorded a loss of $16.1 million in the third quarter, compared with a loss of $22.3 million a year earlier.
Total sales dropped 20% to $128.8 million. Same-store sales decreased 5%.
The company, which owns the f.y.e. (For Your Entertainment) chain of music stores, operated an average of 533 stores during the quarter, compared with 694 in the same quarter last year, a 23% decline.