Specialty retailer of women’s fashions, Cache Inc, on Wednesday revealed it swung to a third quarter profit on the back of a seven per cent climb in same-store sales and an 11 per cent climb in total sales from 2001.

The Maryland-based operator of more than 220 stores said its net profit for the quarter ended September 28 was $103,000, or one cent a share, compared to a net loss of $1m, or 11 cents per diluted share, in the year prior.

Cache said net sales period increased $4.1 million and same store sales primarily due to an increase in September same store sales of 14 per cent.

Chairman Brian Woolf commented: "We were pleased with the improvement in our third quarter and year-to-date results. Both our current year operating income and net income have increased significantly over our prior year results.

"This was driven by our seven per cent increase in same store sales, as well as increases in year-to-date gross margins. The merchandise strategies we began to implement in 2001 and throughout this year have provided positive results."