Business Services Industry
Cache Reports October 2004 Comparable Store Sales Increase 1%
Business Wire, Nov 4, 2004
NEW YORK -- Cache Inc., (NASDAQ: CACH), a specialty chain of women's apparel stores with 281 stores open, reported October 2004 sales figures.
Comparable Store Sales: (sales for stores open at least one year or more)
--Increased 1% during the four-week October 2004 period; and
--Increased 4% during the 43-week period ended October 23, 2004, as compared to the same period in 2003.
Total Sales:
--Increased $1.2 million, or 7.4%, to $17.5 million for the four-week October 2004 period; and
--Increased $18.4 million, or 11.0%, to $186.2 million for the 43-week period ended October 23, 2004, as compared to the same period in 2003.
Mr. Brian Woolf, Cache's Chairman commented: "October sales results were in line with our expectations. Our comparable store sales gain of 1% reflected improving trends for both our sportswear and dress assortments."
During October 2004, the Company opened five new Cache stores and one new Lillie Rubin stores. In total, the Company currently operates 281 stores, including 249 Cache and 32 Lillie Rubin locations.
Certain matters discussed within this press release may constitute forward looking statements within the meaning of the federal securities law. 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, industry trends, merchandise trends, competition 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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