Cato Shares Head For Lowest Close Since 1997 After Halting Dividend
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 ...
Charlotte-based retailer closes 5 stores in 3 months — and a bigger wave is coming
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 ...