Cato commented on the Company cash position stating

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Mr. Cato commented on the Company cash position stating, “We believe our cash balance provides many advantages and provides us a solid foundation. As has long been our practice, we utilize our cash to internally fund new concepts and store development, meet infrastructure needs and provide additional value to longterm shareholders through dividends and share repurchases. In this volatile environment, it will give us the Isabel Marant Bobby flexibility to continue to grow our business for the longterm,
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