Chain Store Age
Cato Corp. is shuttering more locations.
The Charlotte, N.C.-based value fashion retailer expects to close about 50 underperforming stores as part of its “ongoing practice to strengthen operations,” Cato stated in a release related to its recent annual shareholders meeting. It also plans to open 12 stores “despite limited new shopping center development and limited space in desirable, existing locations,” the company stated.. . . more