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Latest Cato Institute Stories

2010-08-19 11:33:00

WASHINGTON, Aug. 19 /PRNewswire/ -- Construction has begun on a major expansion and renovation of the Cato Institute's iconic DC headquarters building, according to comprehensive real estate services firm Akridge. The project will nearly double the size of the facility at 1000 Massachusetts Avenue, NW, and entails demolition of the smaller National Medical Association (NMA) building next door which Cato acquired last year. Cato will expand onto that property to the south and will increase...

2010-08-19 06:30:00

CHARLOTTE, N.C., Aug. 19 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) today reported net income of $16.0 million or $.54 per diluted share for the second quarter ended July 31, 2010, compared to net income of $16.7 million or $.56 per diluted share for the second quarter ended August 1, 2009. Net income decreased 4% and earnings per diluted share decreased 4% from last year. Sales for the second quarter were $231.9 million, a 3% increase over sales of $225.4 million last...

2010-08-05 07:24:00

CHARLOTTE, N.C., Aug. 5 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) today reported sales of $62.7 million for the four weeks ended July 31, 2010, an increase of 4% over sales of $60.4 million for the four weeks ended August 1, 2009. Same-store sales for the month increased 2%. Sales for the second quarter ended July 31, 2010 were $231.9 million, a 3% increase over sales of $225.4 million for the second quarter ended August 1, 2009. Second quarter same-store sales...

2010-07-13 13:38:00

CHARLOTTE, N.C., July 13 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) was recently awarded three Telly Awards in the 31st annual Telly Awards competition, one for each of its three 2009 TV branding campaigns. The spring and holiday spots, entitled, "Change in Season, Change in You" and "Holiday Dinner" respectively, were awarded silver Telly Awards, the highest honor. The summer spot, entitled "New Color Palette" was awarded the bronze Telly Award. The Telly Awards are one...

2010-06-03 06:30:00

CHARLOTTE, N.C., June 3 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) today reported sales of $80.9 million for the four weeks ended May 29, 2010, a 4% increase over sales of $78.1 million for the four weeks ended May 30, 2009. Same-store sales for the month increased 3%. Sales for the seventeen weeks ended May 29, 2010 were $340.7 million, an 8% increase over sales of $316.2 million for the seventeen weeks ended May 30, 2009. The Company's year-to-date same-store sales...

2010-03-18 08:11:00

CHARLOTTE, N.C., March 18 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) today reported net income for the fourth quarter and year ended January 30, 2010. For the fourth quarter, the Company reported net income of $7.3 million or $0.25 per diluted share, compared to net income of $3.9 million or $0.13 per diluted share for the fourth quarter ended January 31, 2009. For the quarter, net income increased 87% over the prior year and earnings per diluted share increased 92%....

2010-02-26 07:16:00

CHARLOTTE, N.C., Feb. 26 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) announced today that its Board of Directors declared a regular quarterly dividend of $0.165 per share. The dividend will be payable on March 22, 2010 to shareholders of record of the Corporation at the close of business on March 8, 2010. At the closing market price on February 25, 2010, the current dividend represents an annualized yield of 3.3%. The Cato Corporation is a leading specialty retailer of...

2009-12-08 06:20:00

DURHAM, N.C., Dec. 8 /PRNewswire/ -- Hemodynamic Therapeutics, Inc. (HTI), a portfolio company of Cato BioVentures, announces the successful completion of its initial Phase 2 clinical study of its lead compound ("HTI-101"), a patented low-dose small-molecule investigational therapy intended for patients with treatment-resistant hypertension. The 12-week double-blind placebo controlled Phase 2 study investigated the effects of a novel low dose combination of amiloride HCl and spironolactone...

2009-12-03 07:22:00

CHARLOTTE, N.C., Dec. 3 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 28, 2009 of $61.6 million, an increase of 2% over sales of $60.6 million for the four week period ended November 29, 2008. Same-store sales for the month were flat to the prior year. Sales for the ten months ended November 28, 2009 were $716.0 million, an increase of 3% over sales of $697.2 million for the ten months ended November 29, 2008. The...

2009-10-08 07:17:00

CHARLOTTE, N.C., Oct. 8 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE: CTR) today reported sales of $70.0 million for the five weeks ended October 3, 2009, an 8% increase over sales of $64.8 million for the five weeks ended October 4, 2008. Same-store sales for the five-week period increased 6% over the prior year. Sales for the thirty-five weeks ended October 3, 2009 were $592.5 million, an increase of 3% over sales of $577.1 million for the thirty-five weeks ended October 4,...


Word of the Day
snash
  • To talk saucily.
  • Insolent, opprobrious language; impertinent abuse.
This word is Scots in origin and probably imitative.