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Cato updates Q1 estimate following April sales surge
Although specialty retailer Cato had a rough March thanks to the shift of Easter from late March last year to mid-April this year, April was a whole other story.
The company reported sales of $93.5 million for the four weeks ended May 3, a 21% jump from sales of $77 million for the four weeks ended May 4, 2013. Same-store sales increased 18% for the month.