Cache December 2001 Same Store Sales Decreased 2 Percent.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 10, 2002 Cache Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CACH CACH Canyon de Chelly National Monument (US National Park Service) CACH Carolina Chickadee CACH Canadian Adult Congenital Heart Network CACH Chicago Area Consolidation Hub (United Parcel Service) ), a specialty chain of women's apparel stores with 222 stores open, reported December December: see month. 2001 sales figures sales figures npl → cifras fpl de ventas . Comparable store sales (sales for stores open at least one year or more) decreased 2% during the five week December 2001 period, as compared to the same period in 2000. Total sales for the five week period ended December 29, 2001 were $24.8 million, as compared to $24.6 million for the five week Fiscal period in Fiscal 2000. Total sales for the fifty-two Adj. 1. fifty-two - being two more than fifty 52, lii cardinal - being or denoting a numerical quantity but not order; "cardinal numbers" week period ended December 29, 2001 were $180.0 million, as compared to $176.5 million for the comparable period ended December 30, 2000 which represents an increase of $3.5 million or 2%. Comparable store sales were flat during the fifty-two week period, as compared to the same period in Fiscal 2000. Mr. Brian Woolf, Cache's chairman commented, "On a positive note, we anticipate earnings for fourth quarter and full year will be substantially greater than prior year results. These results were driven primarily by higher gross margins, greater regular price sell thrus, and our ability to sell merchandise at higher average price points. Sales have improved during the first 10 days of January 2002 and on a comparative store basis are ahead of prior year sales." The Company also announced that it expects to release fourth quarter and full year results on or around February 8. Cache opened nine new Cache stores and one Lillie Rubin store during 2001. The Company plans to open two new Cache stores in Spring 2002. Certain matters discussed within this press release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the federal securities law. Although Cache, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. . Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including without limitation, industry trends, merchandise trends, competition and the ability to obtain financing, as well as other risks outlined from time to time in the filings of Cache, Inc. with the Securities and Exchange Commission. |
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