Cato news and archive

Cato triples its store closure plan to around 120 for the year

The Cato Corporation will close roughly 70 more stores in the third and fourth quarters, taking planned closures for fiscal 2026 to about 120 and marking a sharp acceleration for the value-priced women's chain. The revision is the second this year. Cato said in March it expected to close up to 40 underperforming stores in 2026 while opening as...

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Cato Fashions Q1 earnings improve but sales decline

The Cato Corporation reported net income of 11 million dollars or 54 cents per diluted share for the first quarter compared to 4.4 million dollars or 22 cents per diluted share for the same quarter last year. Sales for the quarter were 175.3 million dollars, a decrease of 8 percent, while same-store sales decreased 6 percent. "The pressure on...