Printer Friendly

Cache Inc. Reports 6 Percent Comparable Store Sales Increase in May 2006.

NEW YORK -- Cache Inc., (NASDAQ: CACH), a specialty chain of women's apparel stores with 306 stores open, reported May 2006 sales figures. As previously announced, the Company plans to exit its Lillie Rubin business by September 2006. Therefore, the Company's comparable store sales results only include its 267 Cache stores.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 1, 2006
Words:367
Previous Article:Zacks Analyst Blog Highlights: ADC Telecommunications, Andrew Corporation, Computer Sciences Corporation, Lockheed Martin and Hewlett Packard.
Next Article:Zacks Analyst Interview Highlights: National Semiconductor, Nokia, Motorola and Texas Instruments.
Topics:


Related Articles
Cache Reports Flat Comparable Store Sales in January 2006.
Cache Reports 5% Comparable Store Sales Increase in March; Company Updates First Quarter and Fiscal 2006 Guidance.
Cache Reports 11% Percent Comparable Store Sales Increase in April 2006.
Cache Reports 4 Percent Comparable Store Sales Increase in June 2006; Confirms Second Quarter GAAP Guidance at $0.08 to $0.10 Per Diluted Share,...
Cache Reports 2 Percent Comparable Store Sales Increase in July 2006.
Cache Reports 3 Percent Comparable Store Sales Decrease in August 2006.
Cache Reports Third Quarter 2006 Results.
Cache Reports 4 Percent Comparable Store Sales Increase in September 2006.
Cache Reports 11% Percent Comparable Store Sales Increase in October 2006.
Cache Reports 8% Comparable Store Sales Increase in November 2006.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters