Cato to Close 120 Stores as Inflation Squeezes Its Shoppers
The Cato Corporation will shutter 120 stores by fiscal year-end, up from 50 planned, after Q2 net income fell to $1.1 million and its stock hit lows unseen since the early 1990s.
Topic
Store Closures
Topic
Store Closures
Starbucks to Close Another 250 North America Stores
Starbucks will shutter about 250 North American stores, its second 1% cut in a year, taking $300 million in charges under CEO Bri…
Starbucks to Close 250 North American Cafes, Take $300 Million Charge
Starbucks will close about 250 North American cafes and book $300 million in charges, its second closure round under CEO Brian Ni…