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Cache profit edges up in Q2


New York City Specialty women’s apparel retailer Cache reported Thursday that profit for the quarter ended July 3 edged up to $897,000, compared with $845,000 in the year-ago period.

Sales dipped 0.5% to $56.6 million, from $56.9 million. Same-store sales increased 5.1%.

During the second quarter, Cache opened one new store and closed two stores, ending the period with 284 stores in operation. For the remainder of fiscal 2010, the mall-based retailer said it plans to open two additional new stores and close two additional stores, ending the year with 284 locations and 570,000 sq. ft. in operation.

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