Cato Reports July Same Store Sales Down 3%

CHARLOTTE, N.C., Aug. 4, 2011 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales of $63.0 million for the four weeks ended July 30, 2011, flat to sales of $62.9 million for the four weeks ended July 31, 2010. Same-store sales for the month decreased 3%. Sales for the second quarter ended July 30, 2011 were $234.1 million, a 1% increase over sales of $231.8 million for the second quarter ended July 31, 2010. Second quarter same-store sales decreased 1%. Sales for the first half were $505.0 million, a 3% increase over the prior year's first half sales