The Cato Corporation reported a significant drop in net income to $1.1 million in Q2 2026, down from $6.8 million the previous year, driven by a 6% decrease in sales primarily due to a 3.7% decline in same-store sales. The company cited ongoing pressure on consumer discretionary income from inflation, high fuel prices, and elevated interest rates as key challenges. Gross margin also fell due to lower merchandise margins and higher occupancy costs. Cato closed eight stores in the quarter and expects continued challenges in the latter half of 2026, planning to manage expenses and inventory tightly.
The 9th Shandong-South Korea Economic and Trade Cooperation Conference and Yantai South Korea Week opened on November 6 in Yantai, China, highlighting strong economic ties between the Shandong province and South Korea. Over 150 companies participated...
The 9th Shandong-South Korea Economic and Trade Cooperation Conference and South Korea Week took place in Yantai, China, starting November 6, 2026. Over 150 companies from both regions participated, signing 23 new cooperation projects across sectors ...
YieldFX is partnering with Hedera to offer emerging-market savers access to tokenized bank deposits on a blockchain network. This service allows users to hold deposits represented as tokens, switch currencies instantly, and earn daily interest. The d...
Lowe's Companies is considered a soft buy as it maintains growth through acquisitions and modest organic gains, outperforming peers on valuation. Management lowered its guidance to the low end, expecting $92 billion in revenue and $12.25 EPS, reflect...
Snail, Inc., a leading independent game developer and publisher, announced that four of its indie games will be featured with playable demos at an exclusive event hosted by Noiz.gg during TwitchCon Weekend. The games include one already available on ...
