05.06.2008 11:00:00
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Cache Reports 5% Comparable Store Sales Increase in May 2008
Cache Inc. (NASDAQ: CACH), a specialty chain of women’s
apparel stores with 297 stores open, reported May 2008 sales figures.
For the four-week period ended May 24, 2008, comparable store sales
(sales for stores open at least one year or more) increased 5%, as
compared to a decline of 2% for the four-week period ended May 26, 2007.
Total net sales for the four-week May 2008 period increased $1.4 million
or 6% to $23.3 million, as compared to the same period last year.
For the 21-week period ended May 24, 2008, comparable store sales
increased 3%, as compared to an increase of 2% in the 21-week period
ended May 26, 2007. Total net sales for the 21-week fiscal 2008 period
increased $5.0 million or 4% to $118.3 million, as compared to the
21-week fiscal 2007 period.
Thomas Reinckens, Chairman and Chief Executive Officer of Cache, Inc.
commented: "We were pleased with our May
comparable store sales increase of 5%, which was driven by regular price
selling with particular strength in our Sportswear category. Trends for
the first ten days of fiscal June have continued positively,
demonstrating that our strategies in merchandising and marketing are on
target with our customers’ desires.”
During the month, the Company opened two new stores.
Participation in the Piper Jaffray 28th
Annual Consumer Conference
The Company today announced that it will be presenting at the Piper
Jaffray 28th Annual Consumer Conference held at
the St. Regis in New York on Tuesday, June 10, 2008 at 10:00 am Eastern
Time. Thomas Reinckens, Chairman and Chief Executive Officer, Maggie
Feeney, EVP and Chief Financial Officer, and Ashok Gandhi, VP of
Finance, will host the presentation. The presentation will be webcast
live at www.cache.com.
About Cache, Inc.
Cache is a nationwide, mall-based specialty retailer of sophisticated,
social occasion sportswear and dresses targeting style-conscious women.
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. We operate 297 Cache and Cache Luxe stores primarily situated in
central locations in high traffic, upscale malls in 43 states, the
Virgin Islands and Puerto Rico.
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.
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