05.06.2008 11:00:00

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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