Profile: Cato Corp (CATO.N)
16 Aug 2017
The Cato Corporation, incorporated on March 28, 1946, is a fashion specialty retailer. The Company's merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men's wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment). The Company operated its women's fashion specialty retail stores in 33 states as of January 28, 2017, principally in the southeastern United States. The Company offers its own credit card to its customers and all credit authorizations, payment processing, and collection efforts are performed by a separate subsidiary of the Company.
The Company's stores offer an assortment of on-trend apparel and accessory items in primarily junior/missy, plus sizes, men's and kids sizes with a focus on color, product coordination and selection. Its apparel specialty stores operate under the names Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro and Versona, including e-commerce Websites. As of January 28, 2017, the Company operated 1,371 fashion specialty stores. The Cato concept's stores and e-commerce Websites feature an assortment of apparel and accessories. A major portion of the Cato concept's merchandise is sold under its private label and is produced by various vendors in accordance with the concept's specifications. The It's Fashion and It's Fashion Metro concepts offer fashion with a focus on the styles for the entire family. The Versona concept's stores and e-commerce Websites offer fashion apparel items, jewelry and accessories. The Company offers its own layaway plan.
8100 Denmark Rd
CHARLOTTE NC 28273-5975