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Cache reports 6% comparable store sales rise in May

01
Jun '06
Cache Inc, a specialty chain of women's apparel stores with 306 stores open, has 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 percent during the four week May 2006 period, as compared to an 11 percent rise in the same period last year. Total sales for the four week period ended May 27th 2006 increased $1.2 million or 6 percent to $22.7 million.

Comparable store sales for Cache stores increased 6 percent during the 21 week period ended May 27th 2006, as compared to a 3 percent increase in the same period in 2005. Total sales for the 21 week period increased $5.1 million or 5 percent to $113.4 million.

Brian Woolf, Cache's Chairman said, "We were pleased to report continued strength in May, delivering a 6 percent 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.

Cache Inc is a nationwide, mall-based specialty retailer of sophisticated, social occasion sportswear and dresses targeting style-conscious women. It targets women between the ages of 25 and 45 who have a youthful attitude, are self-confident and fashion-conscious, and require a missy fit.

Cache Inc


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