USA: Apparel Chain Cache Reports September Sales Dip
Leading US-based speciality chain of women's apparel stores, Cache Inc, today attributed a slight fall in same store sales during the third quarter to last month's terrorist attacks. The company, which operates 223 stores, posted a 1.3 per cent fall in sales for the 13 weeks to September 29, while net loss decreased from $1.23 million, or $.14 per share in fiscal 2000, to just over $1m, or $.11 per share in fiscal 2001.