As of Apr 29, 2017, Cato operated 1,374 stores in 33 primarily Southeastern states under the names 'Cato,' 'Cato Fashions,' 'Cato Plus,' 'It’s Fashion', 'It’s Fashion Metro' and 'Versona Accessories'.
In fiscal 2016, the company opened 8 new stores and closed 9 existing stores. For the first three months of fiscal 2017 the company opened 3 new stores and relocated one store. The company plans to open 13 new stores and close up to 19 stores during fiscal 2017.
All stores are leased, and are located primarily in strip shopping centers (97% of stores) anchored by national discounters or market-dominant grocery stores, while 3% of stores are in enclosed shopping malls. Leases are generally for periods of five years with renewal options.
Stores range in size from 2,000 to 19,000 square feet and average approximately 4,500 square feet. By nameplate, Cato stores average approximately 4,200 square feet and new stores range from 4,000 to 5,000 square feet. Versona Accessories stores average approximately 8,100 square feet and new stores range from 4,000 to 5,000 square feet. It's Fashion stores average approximately 3,600 square feet and new stores range from 4,000 to 5,000 square feet. It's Fashion Metro stores average approximately 8,300 square feet.
|Total gross square feet (M)||6,183||6,170||6,174||6,057||5,940||5,895|
|Total gross square feet growth||0.1%||-0.1%||1.9%||2.0%||0.8%||1.7%|
|Avg store gross sq ft||4,500||4,500||4,500||4,500||4,500||4,500|
|Avg store gross sq ft growth||0.0%||0.0%||0.0%||0.0%||0.0%||0.0%|