Sportswear maker Cache Inc, a specialty chain of women's apparel stores with 301 stores open, has announced January 2006 sales figures.
Comparable store sales were flat during the four week January 2006 period, as compared to a 2 percent increase reported in January 2005. Total revenues for the four-week period ended January 28, 2006 were $14.4 million, or flat, as compared to the four-week period ended January 29, 2005.
Brian Woolf, Cache's Chairman said, "January sales results were in line with our expectations. Comparable store sales were flat, which reflected reduced levels of holiday clearance inventory, as compared to January last year. Our new receipts, delivered in the latter part of the month are selling at a brisk pace, which bodes well for the spring season."
The company noted that as part of its ongoing efforts to enhance store productivity it closed five stores in January coinciding with lease renewal dates. At month end, the company operated 263 Cache and 38 Lillie Rubin locations.
Cache Inc 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. Lillie Rubin stores offer a more sophisticated line of social occasion apparel targeting women between the ages of 35 and 55.
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