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.
Shares of Cato dropped after the company reported a wider loss in the third quarter as sales weakened and its distribution costs shot up. The stock was down 18% at $5.01 in midday trading. Shares have ...
The Cato Corporation today reported a net loss of $15.1 million or ($0.79) per diluted share for the third quarter ended November 2, 2024, compared to a net loss of $6.1 million or ($0.30) per diluted ...
It seems that before 2024 comes to a close, another big retailer will take a financial hit, possibly contributing to the closure of one of their stores in southern Indiana. Cato Fashions currently has ...
Even if you love to shop, trying things on in stores can be time-consuming. So skip the dressing room: The best clothing subscription boxes for women deliver a curated assortment of clothing and ...
However, around 2,000 workers and 49 shops still remain at risk. It is unclear which stores will remain branded as Homebase after the deal, while administrators have not yet disclosed the ones ...