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Cato Fashions
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- 1Cato Fashions to close 120 stores as shoppers pull back▼Cato Fashions to close 120 stores amid pressure on shoppers’ spending
Discount fashion retailer Cato Fashions is closing 120 stores, a move the company ties to pressure on consumers' discretionary spending. The closures come as value-focused retailers face strained household budgets, with inflation and higher costs squeezing shoppers. The company has not detailed which locations will shut or the timeline, leaving employees and local shoppers awaiting specifics.