Women apparel retailer Cache reports rise in sales even after hurricanes
05 Nov '05
2 min read
Specialty chain of women's apparel stores with 305 stores open, Cache Inc, reported October 2005 sales figures.
Comparable store sales (sales for stores open at least one year or more) increased 11 percent during the four week October 2005 period, as compared to the same period in 2004.
Total sales for the four-week period ended October 29, 2005 increased $2.5 million or 14.7 percent to $19.5 million.
Comparable store sales increased 5 percent during the 43 week period ended October 29, 2005, as compared to the same period in 2004. Total sales for the 43 week period increased $21.5 million or 16.2 percent to $206.5 million.
Brian Woolf, Cache's Chairman commented: "They continued their strong sales trends in October by reporting an 11 percent comparable store sales increase for the month. This was accomplished even after accounting for the impact of Hurricane Wilma on their Florida stores, which they believe reduced their comparable sales performance by about two to three percent for the month. Newness drove their performance in October, with accessories, sportswear and dresses all showing very positive trends.'
The Company also noted that it opened 4 new Cache stores in October and currently operates 305 Cache and Lillie Rubin locations.
For the year-to-date period, the Company has opened 18 new stores and has closed 4 stores in Fiscal 2005 and expects to open another approximately 1 or 2 stores for a total of approximately 20new stores in Fiscal 2005.
Cache 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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