Le Chateau Inc., $1.44, symbol CTU.A on Toronto (Shares outstanding: 20.2 million; Market cap: $29.1 million; www.lechateau.com), operates 244 stores, of which 242 are located in Canada and two are in the New York City area. The company also has seven stores operated by franchisees in the Middle East.
Le Chateau sells clothing, accessories and shoes for women and men. Its outlets are mainly in major shopping malls and on streets with lots of pedestrian traffic.
The shares continue to drop: they have moved down from around $11.50 in early April 2011 to $1.44 today.
Falling sales are the main reason for the drop in the stock price. In the three months ended October 29, 2011, the company’s sales dropped 5.4%, to $70.4 million from $74.5 million a year earlier. Same-store sales fell 8.4%. Le Chateau lost $0.16 a share in the latest quarter, compared to a profit of $0.10 a share a year earlier.
In December 2011, the company said that it will…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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