Cato Corporation To Close ~70 Additional Underperforming Stores In Q3 And Q4; Brings FY26 Total Planned Stores Closures To ~120; Sees $1M-$1.3M In Associated Costs

Cato Corporation plans to close approximately 70 additional underperforming stores in Q3 and Q4, bringing the total planned store closures for FY26 to around 120. The company anticipates incurring costs between $1 million and $1.3 million associated with these closures, primarily for disposing of signage and fixtures. These closures are part of an annual review process of store performance, and the company expects that this strategy will positively impact operating results in fiscal 2027 and beyond.