Cato Corporation To Close ~70 Additional Underperforming Stores In Q3 And Q4; Brings FY26 Total Planned Stores Closures To ~120; Sees $1M-$1.3M In Associated Costs
The Company expects to incur between $1.0 million and $1.3 million in costs to exit these additional stores through the end of 2026. These costs relate primarily to expenses for the disposal of external signage and
Cato is closing about 70 more stores that aren't making money. When a company closes stores, it shows the business is struggling to find places customers want to shop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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