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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., April 6, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today announced it will extend the closure of all brick and mortar stores, until further notice.  Company management will continue to assess the situation, market by market as additional guidance is issued from U.S. and local governments, as well as the Centers for Disease Control, as it develops its plan to reopen stores at a future date."We are taking decisive actions in the face of the uncertainties around the length and severity of the pandemic and its potential impact to the Company," said John Cato, Chairman, President and Chief Executive Officer.  "It is a difficult decision to extend our store closures, but we are committed to protecting our customers, associates and communities we serve.  However, during this closure we will continue to serve our customers through our e-commerce sites catofashions.com and shopversona.com."  As a result of the extended store closure, coupled with the North Carolin Show less Read more
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