Sportswear maker Cache Inc, a specialty chain of women's apparel stores with 306 stores open, reported November 2005 sales figures.
Comparable store sales (sales for stores open at least one year or more) decreased 1 Percent during the four week November 2005 period, as compared to the same period in 2004. Total sales for the four-week period ended November 26, 2005 increased $0.4 million or 1.8 Percent to $22.1 million.
Comparable store sales increased 4 Percent during the 47-week period ended November 26, 2005, as compared to the same period in 2004. Total sales for the 47-week period increased $16.7 million or 8.1 Percent to $228.6 million.
Brian Woolf, Cache's Chairman commented: "A shift in a sales promotion held in November last year to December this year contributed to 1 Percent comparable store sales decrease in November 2005. On a positive note, merchandise margins were ahead of last year and believe assortments are on target with consumers' holiday fashion needs."
The Company also noted that it opened one new Cache store in November and currently operates 306 Cache and Lillie Rubin locations.
For the year-to-date period, the Company has opened 19 new stores and has closed 4 stores in Fiscal 2005. In addition, the Company has remodeled 21 stores during Fiscal 2005.
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