MONTREAL, July 10, 2013 /CNW Telbec/ - Le Château Inc. (TSX: CTU.A)
reports at its Annual Meeting of shareholders today that for the first
ten weeks ended July 6, 2013 of the second quarter of fiscal 2013,
total retail sales have increased 5.2% and comparable store sales are
up 5.1% over the same period last year. For the first 23 weeks ended
July 6, 2013 of fiscal 2013, total retail sales increased 1.5% and
comparable store sales increased 2.3% over the same period last year.
Le Château is a leading Canadian brand in specialty retailing, offering
a broad array of contemporary fashion apparel, accessories and footwear
for style-conscious women and men. The Le Château brand is sold
exclusively through the Company's 235 retail locations, of which 234
are located in Canada. The Company's retail locations are primarily
found in major urban shopping malls, as well as street-front locations
with high pedestrian traffic. In addition, the Company has 5 stores
under license in the Middle East and Asia. Le Château's web-based
marketing is further broadening the Company's customer base among
internet shoppers in both Canada and the United States. With its
53-year tradition of vertical integration, emphasizing a design and
manufacturing approach to retailing, Le Château is unique among
Canadian fashion merchants.
This news release may contain forward-looking statements relating to the
Company and/or the environment in which it operates that are based on
the Company's expectations, estimates and forecasts. These statements
are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict and/or are beyond the
Company's control. A number of factors may cause actual outcomes and
results to differ materially from those expressed. These factors
include those set forth in other public filings of the Company.
Therefore, readers should not place undue reliance on these
forward-looking statements. In addition, these forward-looking
statements speak only as of the date made and the Company disavows any
intention or obligation to update or revise any such statements as a
result of any event, circumstance or otherwise except to the extent
required under applicable securities law.
Factors which could cause actual results or events to differ materially
from current expectations include, among other things: the ability of
the Company to successfully implement its business initiatives and
whether such business initiatives will yield the expected benefits;
competitive conditions in the businesses in which the Company
participates; changes in consumer spending; general economic conditions
and normal business uncertainty; seasonal weather patterns;
fluctuations in foreign currency exchange rates; changes in the
Company's relationship with its suppliers; interest rate fluctuations;
and changes in laws, rules and regulations applicable to the Company.
SOURCE: LE CHATEAU INC.
For further information:
Emilia Di Raddo, CPA, CA, President (514) 738-7000
Johnny Del Ciancio, CPA, CA, Vice-President, Finance, (514) 738-7000
MaisonBrison: Pierre Boucher, (514) 731-0000