USA: Cache Reports Second Quarter 2000 Operating Results
Cache Inc, (NASDAQ:CACH), a specialty chain of women's apparel stores with 208 stores (184 Cache stores and 24 Lillie Rubin stores and online at the company's www.cache.com website), reported results for the twenty-six and thirteen week periods ended July 1, 2000. Net income for the twenty-six week period, decreased from $2,211,000, or $.24 per share in Fiscal 1999 to $1,301,000, or $.14 per share in fiscal 2000. Net income for the quarter decreased from $1,459,000, or $.16 per share in fiscal 1999, to $974,000, or $.11 per share in fiscal 2000. Net sales increased $8,224,000 or 10.7 per cent, and $3,796,000 or 9.5 per cent, respectively, during the twenty-six and thirteen week periods ended July 1, 2000, versus the comparable periods in fiscal 1999. Same store sales increased 2.1 per cent, as compared to the comparable twenty-six week period in 1999 and increased 1.4 per cent over the thirteen week period in Fiscal 1999. The company also announced that it had opened seven new Lillie Rubin stores and two new Cache stores in the first half of fiscal 2000. The company expects to open at least one new Lillie Rubin and 6 to 7 new Cache stores in the second half of Fiscal 2000. This would increase the company's total store count to approximately 215 stores by year end.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- Apparel factory auditing is in the firing line
- Outlook 2017 – Challenges and opportunities
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022