Merchandise categories perk up at women's apparel chain store
01 Dec '06
2 min read
Cache Inc reported November 2006 sales. As previously announced the Company substantially completed the exit of its Lillie Rubin business. Therefore, the Company's comparable store sales results only include its 277 Cache stores.
Comparable store sales (sales for stores open at least one year or more) increased 8% during the four week November 2006 period, as compared to flat sales during the same period in 2005. Total sales for the four-week period ended November 25, 2006 increased $1.2 million or 5% to $23.3 million.
Comparable store sales increased 5% during the 47 week period ended November 25, 2006, as compared to a 6% increase during the same period in 2005. Total sales for the 47 week period increased $11.3 million or 5% to $240 million.
Mr. Brian Woolf, Cache's Chairman commented: “We were pleased to have achieved an 8% increase in comparable store sales for November, representing a great start to the holiday season. During the month, we effectively capitalized on important fashion trends, while continuing to reduce our promotional cadence versus last year."
"Sales were strong across our key merchandise categories of dresses, sportswear and accessories. We were also pleased with the response to our November catalog, which has benefited us by increasing awareness of our Cache brand. As we look ahead, we expect our initiatives in merchandising and marketing to position us for a successful holiday season.”
During November,the Company opened one Cache store. For the year-to-date period, the Company has opened 17 new Cache stores, 16 Cache Luxe stores and 3 Cache Luxe locations adjacent to Cache and has closed 7 Cache stores and 36 Lillie Rubin stores.
marketing@alchempro.com
