A major women’s fashion retailer is closing 120 stores this year as shoppers feel the sting of higher prices

This year has seen a number of retailers deciding to close a significant number of stores. As Fast Company reported last month, those closures have included hundreds of Eddie Bauer, Francesca’s, GameStop, and Walgreens locations. Now, another major retailer is joining that list. The Cato Corporation, parent company of Cato Fashions, which operates more than 1,000 women’s apparel and accessories stores across 31 states, has announced it will close 120 of them—more than 10%—by the end of th...