Shares of Cato tumbled after the company suspended its quarterly dividend citing challenging economic conditions and slipping sales. The stock was down 28% to $3.56 in midday trading Friday following ...
(CATO) on Thursday reported a loss of $15.1 million in its fiscal third quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 79 cents. The clothing retailer ...
Cato Fashions currently has a storefront in Vincennes, Indiana, which can be found inside Kimmel Crossing at 648 Kimmel Rd. The store has announced that it will be ceasing operations on Dec. 24 and is ...
In light of the current economic conditions and current sales trends the Board of Directors of The Cato Corporation (NYSE: CATO) suspended the regular quarterly dividend.
The women’s clothing shop plans to close approximately 60 more stores by the end of the year. A Cato spokesperson was not available for comment Thursday to disclose which stores it had closed or ...
CATO posts a wider year-over-year loss in Q3 and 8% sales drop as hurricanes, supply chain woes, and rising costs weigh on results. Challenges are expected to persist. In light of the current ...