Cato: Dips after store closures extended to April 16 amid virus outbreak

Cato

31/03/2020 17:43

** Women's apparel and accessories retailer's shares
 CATO.N  fall 2% to $10.17 
    ** Co extends store closure to April 16 that was scheduled
to end on April 1, furloughs majority of distribution center
associates due to coronavirus outbreak  urn:newsml:reuters.com:*:nPnHy3Pqa
    ** CATO joins major U.S. retailers Macy's  M.N , Kohl's
 KSS.N , Gap  GPS.N  that have also extended store closures and
furloughed tens of thousands of employees  urn:newsml:reuters.com:*:nL4N2BN4IG
    ** So far this year, CATO shares are down 41.5%, while the
S&P 500 apparel retail index  .SPLRCRETA  is down ~25%

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))