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Stock impact report

Cato Provides Business Update Related To Coronavirus

Cato Corporation (The) Class A (CATO) 
Last cato corporation (the) class a earnings: 3/16 07:00 am Check Earnings Report
US:NYSE Investor Relations: catofashions.com/info/investor-relations
Company Research Source: PR Newswire
CHARLOTTE, N.C., March 30, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today announced it will extend its temporary store closure two weeks, through April 16. Given the uncertainty of COVID-19 and subsequent government actions, the Company will continue to assess the situation market by market and will provide additional updates as appropriate."The health and safety of our customers and associates remains our top concern," said John Cato, Chairman, President and Chief Executive Officer. "We continue to assess the information available and take action with the focus on protecting our customers, associates and communities we serve." As a result of the prolonged store closure, coupled with the state's "Stay-at-Home" Executive Order impacting the Home Office, a smaller workforce is required to execute essential activities of the business during this time. Cato has temporarily furloughed the majority of its distribution center associates, as well a portion of its corporate assoc Show less Read more
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