Le Chateau Canada is closing some of their stores

Le Chateau Canada has published a bad news for their customers. They are going to close 14 stores this year and 40 stores will be shuttered within the next three years. So, within 4 years Le Chateau Canada will close in total 54 stores and will have to cut almost 200,000 square foot of selling space. As of the end of January, the company had 211 stores opened across the country. It is about 11 stores less than last year.