Cato Reports November Same-Store Sales Down 5%

CHARLOTTE, N.C., Dec. 1, 2011 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 26, 2011 of $63.6 million, a 3% decrease from sales of $65.7 million for the four week period ended November 27, 2010. Same-store sales for the month decreased 5%. Sales for the ten months ended November 26, 2011 were $762.7 million, an increase of 1% over sales of $754.7 million for the ten months ended November 27, 2010. The Company's year-to-date same-store sales decreased 1%. "November same-store sales reflect the continuing difficult environment for middle and lower income