CATO Description — Cato Corp.
Cato is engaged as a fashion retailer, operating stores primarily in the southeastern U.S., under the names Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro and Versona Accessories. Co.'s stores provide a range of apparel and accessories, including dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags. Co. also provides its own credit card; as well as a layaway plan, whereby merchandise is set aside for customers who agree to make periodic payments. Co. has two segments: the operation of fashion stores segment (Retail); and a credit card segment (Credit). At Feb 2 2013, Co. operated 1,310 stores in 31 states.