old discount clothing chain closes another 14 stores, plans more
Cato Corporation, a discount women's fashion retailer, closed 14 stores in the first half of 2026 and plans to close up to 50 more by the end of the fiscal year. The company reported a 2.9% sales decline to $333.3 million and a net income of $10.5 million. Cato attributes the closures and sales decline to reduced discretionary spending due to inflation and higher fuel prices, according to its SEC filing.







