Cato Corporation Axes 120 Locations as Off-Price Rivals Steal Market Share

The Cato Corporation is preparing to shut down roughly 15% of its retail footprint following a sharp decline in quarterly profits. As reported by Yahoo Finance, the fashion chain will shutter 120 stores by the end of its fourth quarter after struggling to maintain pace with domin

The Cato Corporation is preparing to shut down roughly 15% of its retail footprint following a sharp decline in quarterly profits. As reported by Yahoo Finance, the fashion chain will shutter 120 stores by the end of its fourth quarter after struggling to maintain pace with domin