Cache Reports 3 Percent Comparable Store Increase in May 2001.Business Editors NEW YORK--(BUSINESS WIRE)--June 7, 2001 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 215 stores open (190 Cache stores and 25 Lillie Rubin stores) reported May 2001 sales figures sales figures npl → cifras fpl de ventas . Comparable store sales (sales for stores open at least one year or more) increased 3% during the four week May 2001 period, as compared to the same period in 2000. Total sales for the four week period ended May 26, 2001 increased $0.6 million or 4% to $14.5 million, as compared to the same period in Fiscal 2000. Brian Woolf, Cache's Chairman commented, "Our May sales results, while positive, continued to show the effects of the slowdown in 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. . We are hopeful demand will improve during the second half of this year." Total sales for the twenty-one week period ended May 26, 2001 were $76.6 million, as compared to $71.7 million for the comparable period ended May 27, 2000, which represents an increase of $4.9 million or 7%. Comparable store sales increased 4% during the twenty-one week period, as compared to the same period in Fiscal 2000. 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. 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. 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.,1460 Broadway, 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 , New York 10036, (212) 575-3246. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion