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Fashion store CATO outlines disaster relief efforts

13
Sep '05
Women's fashion store The Cato Corporation reported that 12 stores remain closed out of 125 stores that were initially affected by Hurricane Katrina. The Company expects that these stores could be closed up to six months.

The Company also announced the following disaster relief efforts:
- The Company will make a $50,000 cash contribution to the American Red Cross for the benefit of the victims of Hurricane Katrina.

- The Company is transferring associates in closed stores to other stores.

- The Cato credit card program is temporarily suspending minimum payments, finance charges, and late fees for customers affected by the disaster.

- The Company has relaxed its layaway refund policies in disaster areas to allow customers to cancel outstanding layaways with a full refund.

US leading fashion apparel retailer The Cato Corporation is a operating two value-priced division, "Cato" and "It's Fashion!". It offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices, every day. As of August 27, 2005, the Company operated 1,197 stores in 31 states.

The Cato Corporation


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