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Cato Fashions, a women's apparel chain competing with TJ Maxx and Ross, announced it will close 120 stores this year, more than it had previously planned. The company said it does not expect these underperforming locations to improve.
A California bill aimed at regulating surveillance-based pricing — where retailers use personal data to set individualized prices — failed to advance to Governor Newsom's desk before the legislative deadline. The California Retailers Association responded by expressing hope that lawmakers can restart negotiations next year by focusing on points of existing consensus.