Charlotte-based retailer Cato reported a 9 percent drop in same-store sales for the third quarter and said it plans to close 26 stores this year. That’s seven more store closings than the company had originally projected.
An activist shareholder is criticizing Charlotte-based Cato Corp. for its all-male board, in the latest backlash the women’s fashion retailer is getting over the issue. The shareholder, Ohio-based Needmor Fund, describes Cato’s board as consisting of “all white men,” according to a statement a Needmor representative is expected to read Friday at Cato’s annual meeting […]
These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended March 17 among companies with shares trading for at least $10. Coca-Cola Bottling Consolidated (COKE) – 13% – Sales have increased 35% over last year, mostly because of acquisitions. CEO Frank Harrison’s compensation was […]