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Cato records dip in July total sales and comps
The Cato Corp. reported sales of $61.2 million for the four weeks ended July 30, down 8% from the same period a year ago. Same-store sales for the month were down 10% from the prior year. On a quarterly basis, Cato sales for the second quarter fell 5% to $236.7 million, compared to $249.2 million a year ago. Second quarter same-store sales were down 6% from the prior year. -
Now Trending: Densification and the gravitational pull of the mixed-use center
The benefits of density and densification are a fundamental tenet of “new urbanism,” the guiding set of principles exerting a significant influence over real estate development, urban planning, and municipal land-use strategies.

