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One hundred and twenty store closures in fiscal 2026 is the figure The Cato Corporation (NYSE: CATO) is framing as a path to healthier operating results.
The risk is that management's own reasoning points somewhere harder to repair.
In a Form 8-K filing, Chairman, President, and Chief Executive Officer John Cato attributed the acceleration to sustained negative pressure on customers' discretionary income, and said marginal stores are not expected to improve appreciably in the current economic environment.
The new disclosure adds approximately 70 locations to earlier plans, lifting the year's total to roughly 120 stores.
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