Cache Inc. Reports 6 Percent Comparable Store Sales Increase in May 2006.
Comparable stores sales for Cache stores increased 6% during the four week May 2006 period, as compared to an 11% rise in the same period last year. Total sales for the four week period ended May 27, 2006 increased $1.2 million or 6% to $22.7 million.
Comparable store sales for Cache stores increased 6% during the 21 week period ended May 27, 2006, as compared to a 3% increase in the same period in 2005. Total sales for the 21 week period increased $5.1 million or 5% to $113.4 million.
Mr. Brian Woolf, Cache's Chairman commented: "We were pleased to report continued strength in May, delivering a 6% increase in comparable store sales for Cache. Our assortments resonated well with consumers with notable strength in dresses, especially shorter length styles and accessories."
The Company also noted that it opened two new Cache stores in May and currently operates 267 Cache locations.
Certain matters discussed within this press release may constitute forward-looking statements 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, ability to successfully open new stores, introduction of the Cache Luxe concept, dependence on management, dependence on vendors and distributors, reliance on foreign manufacturers, material weakness in our internal controls, industry trends, merchandise and fashion trends, competition, seasonality and changes in general economic conditions and consumer spending patterns, 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, Cache, Inc., 1440 Broadway, New York, New York 10018, (212) 575-3246.
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|Date:||Jun 1, 2006|
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