Cache Reports 10 Percent Comparable Store Sales Increase in May 2005.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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 296 stores open, reported May 2005 sales figures sales figures npl → cifras fpl de ventas . Comparable store sales (sales for stores open at least one year or more) increased 10% during the four week May 2005 period, as compared to the same period in 2004. Total sales for the four week period ended May 28, 2005 increased $3.2 million or 17.5% to $21.5 million. Comparable store sales increased 2% during the 21 week period ended May 28, 2005, as compared to the same period in 2004. Total sales for the 21 week period increased $9.3 million or 9.4% to $108.3 million. Mr. Brian Woolf, Cache's Chairman commented: "Comparable store sales for the month of May exceeded our expectations, as customers responded positively to our new denim and woven assortments, which we identified as strong performers earlier in the year. During the month we also continued to adjust prices for slower moving classification styles, which is expected to impact merchandising margins somewhat. Despite this, we continue to expect to meet our second quarter earnings expectations." The Company also noted that it opened one new Cache store in May and currently operates 296 locations. 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 laws. Although Cache, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. 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 and fashion trends, competition, changes in general economic conditions and consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. patterns, vendor procurement issues 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. For further information contact Thomas E. Reinckens, President, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Cache, Inc., 1440 Broadway, New York, New York 10018, (212) 575-3246. |
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