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Cache Reports 2% Comparable Store Sales Increase in July 2008
Thursday, August 07, 2008 7:01 AM
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Cache Inc. (NASDAQ: CACH), a specialty chain of women’s apparel stores with 296 stores currently open, reported July 2008 sales figures.

For the four-week period ended July 26, 2008, comparable store sales (sales for stores open at least one year or more) increased 2%, as compared to an increase of 6% for the four-week period ended July 28, 2007. Total net sales for the four-week July 2008 period increased $0.5 million or 3% to $17.0 million, as compared to the same period last year.

For the thirty-week period ended July 26, 2008, comparable store sales increased 3%, as compared to an increase of 2% in the thirty-week period ended July 28, 2007. Total net sales for the thirty-week fiscal 2008 period increased $6.8 million or 4% to $158.6 million, as compared to the thirty-week fiscal 2007 period.

Thomas Reinckens, Chairman and Chief Executive Officer of Cache, Inc. commented: “We were pleased with our July sales results, especially given that the month followed one of our strongest performances last year. During July, each of our categories contributed positively to sales, demonstrating the continued success of our merchandising and marketing strategies. In addition, we maintained our tight inventory control. As a result, we begin August with reduced markdown levels as compared to last year. We remain optimistic about our outlook as we begin the fall and holiday selling seasons.”

During the month, the Company opened one Cache store and closed two Cache Luxe stores. The Company currently has 296 stores open.

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 296 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.

Cache Inc.
Maggie Feeney, 212-575-3206
Executive Vice President and Chief Financial Officer
or
Integrated Corporate Relations
Allison Malkin / Jane Thorn Leeson
203-682-8225 / 646-277-1223

(Source: Business Wire )



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