Stock Watch: Cache stock makeover goes from shabby to chic; Management earns raves; investors buy growth plans.(Stocks)(women's apparel retailer grows stronger)

Crain's New York Business, July, 2003

Byline: catherine curan When brian woolf took the helm of women's apparel retailer Cache Inc. in the fall of 2000, losses were widening and its stock languished at about $2.75. Since then, he and President Tom Reinckens have stitched up a rare Seventh Avenue success story. Last year was the best ever for the 28-year-old company.

Profits more than doubled, hitting $8.9 million, or 93 cents a share, as sales rose 11% to $199.4 million. Driven by a strong second quarter and a road show promoting a secondary stock offering, Cache shares have soared 74% since the beginning of June. The shares closed Friday at $19.15, just 3.8% below the 52-week high of $19.90 reached on July 11. Not over yet Even after such a dramatic run-up, Cache's price still looks...

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