Cato Reports June Same-store Sales Down 10%

/PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales of $83.7 million for the five weeks ended June 30, 2012, a 7% decrease from sales of $90.4 million for the five weeks ended July 2, 2011. Same-store sales for the five-week period decreased 10%. Sales for the twenty-two weeks ended June 30, 2012 were $440.8 million, flat to sales of $442.0 million for the twenty-two weeks ended July 2, 2011. The Company's year-to-date same-store sales decreased 3%. "June same-store sales were below expectations," commented John Cato, Chairman, President, and Chief Executive Officer. "Year-to-date same-store sales results have been