Le Chateau shares tumble after loss, downgrade

Shares of Le Chateau Inc sank more than 15 percent on Monday after the Canadian fashion retailer posted a quarterly loss and an analyst downgraded the stock on doubts about the company's efforts to rebrand itself to a higher-end clientele. Photo: Le ChâteauThe Montreal-based clothing chain's financial performance has suffered in recent years in the face of stepped-up competition from both domestic and international budget retailers, including Sweden's H&M and Zara, owned by Spain's Inditex.

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