Le Chateau to Close 40 More Stores
More bad news about store closures this week. In the USA, Sports Chalet has announced that they are shutting all 47 doors while the Toronto Sun is reporting that Le Chateau is planning to close 40 doors over the next 3 years in an effort to return to profitability.
The Montreal-based company has been shuttering underperforming stores and renovating others as it "recalibrates" in the face of growing online purchases.
It closed 11 stores in the last year to reach 211 locations and plans to close 14 more in 2016.