The Cato Corporation operates as a fashion specialty retailer for fashion and value conscious females principally in the southeastern United States. Its stores offer an assortment of apparel and accessories, including dressy, career, and casual sportswear; dresses; coats; shoes; lingerie; costume jewelry; and handbags. As of January 29, 2011, the company operated 1,282 women’s fashion specialty stores in 31 states under the Cato, Cato Fashions, Cato Plus, It’s Fashion, and It’s Fashion Metro brand names. The Cato Corporation also provides its own credit card and a layaway plan for customers to purchase its merchandise. The company was founded in 1946 and is based in Charlotte, North Carolina. Their mission as per their facebook page is “New fashions every week. Low prices every day.”
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Disclosure: No position in CATO at the time of writing. This is not a recommendation to buy or sell any security mentioned in this article. Please do your own research or consult your financial advisor.