Want to join the conversation?
Specialty retailer $CATO said sales for August, 2016 were $62MM, down 7% versus August, 2015. Same-store sales in August were down 8% to the prior year. YTD sales were $584.1MM, down 2% from the prior-year period. YTD same-store sales decreased 4%. As of Aug. 27, 2016, $CATO operated 1,373 stores in 33 states.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.