Cache Reports Seven Percent Comparable Store Sales Decrease in March 2003.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2003 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 237 stores open, reported March 2003 sales figures sales figures npl → cifras fpl de ventas . Comparable store sales (sales for stores open at least one year or more) decreased 7% during the five week March 2003 period, as compared to the same period in 2002. Total sales for the five week period ended March 29, 2003 decreased $1.1 million or 5% to $21.1 million. Comparable store sales decreased 3% during the 13 week period ended March 29, 2003, as compared to the same period in 2002. Total sales for the 13 week period remained unchanged at $47.6 million. Mr. Brian Woolf, Cache's Chairman commented, "Due to a calendar change our March 2003 sales reporting period does not include the week of Easter, which was included in March's results last year and will be reported in April's results this year. As a result of the holiday shift this year, March and April sales results should be combined for a more meaningful comparison. We anticipate reporting first quarter results on or around May 8, 2003." Certain matters discussed within the 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. 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. |
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