CANADA: Le Château Enjoys Solid Start
Specialty fashion and footwear retailer, Le Château Inc, on Wednesday swung into a first quarter profit as it was boosted by an 11.8 per cent climb in first quarter sales to $42.9 million. The Montreal-based operator of 153 stores posted a net profit of $343,000 or seven cents per share, compared to a net loss of $555,000 or 11 cents per share, in 2001. Comparable store sales increased 15.9 per cent.