Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - CATO CORPFinancial_Report.xls
EX-31 - EXHIBIT 31.1 - CATO CORPexhibit311.htm
EX-32 - EXHIBIT 32.1 - CATO CORPexhibit321.htm
EX-31 - EXHIBIT 31.1 - CATO CORPexhibit312.htm
EX-32 - EXHIBIT 32.1 - CATO CORPexhibit322.htm
10-Q - 10-Q - CATO CORPcato10q2qtr11.htm

 

 

 

 

 

 

September 7, 2011                                                                                           EXHIBIT 18.1

 

 

Board of Directors

The Cato Corporation

8100 Denmark Road

Charlotte, North Carolina 28273

 

Dear Directors:

 

We are providing this letter to you for inclusion as an exhibit to your Form 10-Q filing pursuant to Item 601 of Regulation S-K.

 

We have been provided a copy of the Company’s Quarterly Report on Form 10-Q for the period ended July 30, 2011.  Note 1 therein describes a change in accounting principle for inventory.  It should be understood that the preferability of one acceptable method of accounting over another for inventory has not been addressed in any authoritative accounting literature, and in expressing our concurrence below we have relied on management’s determination that this change in accounting principle is preferable.  Based on our reading of management’s stated reasons and justification for this change in accounting principle in the Form 10-Q, and our discussions with management as to their judgment about the relevant business planning factors relating to the change, we concur with management that such change represents, in the Company’s circumstances, the adoption of a preferable accounting principle in conformity with Accounting Standards Codification 250, Accounting Changes and Error Corrections

 

We have not audited any financial statements of the Company as of any date or for any period subsequent to January 29, 2011.  Accordingly, our comments are subject to change upon completion of an audit of the financial statements covering the period of the accounting change.

 

Very truly yours,

 

 

 

PricewaterhouseCoopers LLP

 

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