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THE CATO CORPORATION REPORTS SALES INCREASES OF 16 PERCENT FOR APRIL AND 23 PERCENT FOR FIRST QUARTER

 CHARLOTTE, N.C., May 6 /PRNewswire/ -- The Cato Corporation (NASDAQ-NMS: CACOA) reported that its April sales for the four weeks ended May 1 were $30.6 million, an increase of 16.0 percent over sales of $26.4 million for the comparable period ended May 2, 1992. Same- store sales for April 1993, or sales in stores that were open in the comparable month last year, increased 2.4 percent following a 34.9 percent same-store sales increase for April 1992.
 Wayland H. Cato, Jr., chairman and CEO, stated that "April same- store sales were impacted by extremely cold weather for most of Easter week's selling days and Easter's calendar shift, which provided only one week of pre-Easter selling in April this year compared with two weeks last year. For the two months of March and April combined, this year's same-store sales increased 6.6 percent compared with a 15.8 percent same-store sales increase for the two-month period last year. We are very encouraged by same-store sales increases in the high teens for the last two weeks of April."
 For the first quarter ended May 1, 1993, sales were $93.9 million compared with $76.1 million in first quarter 1992, an increase of 23.4 percent. Same-store sales increased 10.7 percent for first quarter 1993, following a 19.9 percent same-store sales increase for first quarter 1992.
 The Cato Corporation is a women's apparel specialty retailer operating under the names "Cato Fashion/Cato Plus" and "It's Fashion!" in 22 states. As of May 1, 1993, The Cato Corporation operated 537 stores compared to 496 stores at May 2, 1992. The company's shares are traded on the NASDAQ National Market System under the symbol CACOA.
 -0- 5/6/93
 /CONTACT: V. Hollis Scott, Senior Vice President, Treasurer and Secretary, The Cato Corporation, 704-551-7266/
 (CACOA)


CO: The Cato Corporation ST: North Carolina IN: REA SU:

CM -- CH004 -- 5287 05/06/93 09:49 EDT
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Publication:PR Newswire
Date:May 6, 1993
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