• Net loss narrowed to $5.0m from a loss of $6.8m
  • Sales rose 1.3% to $45.5m from $44.9m
  • Comparable store sales were flat 

Women's wear retailer Cache Inc today (10 November) described its third quarter results as "disappointing," even though higher sales helped narrow its losses.

"The strength we saw early in the quarter did not carry through to our fall collections, with certain deliveries not meeting our customers' expectations," noted CEO Thomas Reinckens.

"We believe we are seeing the initial benefits from our initiatives to create more cohesive lifestyle assortments, as evidenced by the strength of our sportswear sales. However, we were too conservative in our tops and dress classifications and are adding more fashion to these key categories going forward."

The company, which operates 281 stores, warned the environment remains challenging going in to the important holiday season."