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 ...
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 ...