A disappoint read on retail sales from April's report could reset some expectations in the sector after analysts overestimated consumer demand.
The electronics and appliance store category (RSH, BBY, CONN, WHR) saw sales fall 2.3% M/M and 1.5% Y/Y.
Clothing and clothing accessory stores (AEO, GPS, BKE, TLYS, ANF, ANN, LB, ARO, GES, CATO) registered a 1.2% M/M and 1.1% Y/Y gain in sales which didn't show the snap-back from soft winter traffic patterns forecast by some.
Cato Corp is a fashion specialty retailer. The Company operates women's fashion specialty stores in the southeastern United States under two segment: the operation of women's fashion specialty stores segment & a credit card segment.