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Cato Corp. reports March SSS down 5%; March sales $102M

Sales for the nine weeks ended April 5, 2014 were $188.9M, a 1% decrease from sales of $190.2M for the nine weeks ended April 6, 2013. The company's year-to-date same-store sales were down 2% to the prior year. March sales were unfavorably impacted by the shift of Easter from late March last year to mid-April this year. The company expects April sales will be favorably impacted. Because of this shift, the best measure for performance is the combined sales for the two months.