Cache (CACH) July Comps Up 2%
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Cache Inc. (NASDAQ: CACH) July comparable store sales increased 2%. Total net sales for the four-week July 2008 period increased $0.5 million or 3% to $17.0 million.
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.”
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.”
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