Affordable fashion chain closing 120 stores due to ‘negative pressure’ on customers

Affordable fashion chain Cato's is closing 120 of its retail locations. The company attributes this decision to negative pressure affecting its customers. According to official information provided on its website, Cato's currently operates a total of 851 stores across 30 different states. This strategic reduction in its physical footprint comes as the brand manages the current economic challenges impacting its consumer base and overall operational scale across the United States market.