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Cato Fashions, a competitor to TJ Maxx and Ross, said it plans to close more locations than expected: ‘We do not expect these marginal stores to improve.’
The Cato Corporation (NYSE: CATO) today announced that they plan to close approximately 70 additional underperforming stores in the third and fourth quarters bringing total planned stores closures to approximately 120 stores in fiscal 2026.
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The company blamed its customers for the closures.
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