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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cache Sales And Earnings Decline 0 comments
    Mar 25, 2014 11:11 AM | about stocks: CACH

    Originally published at www.seclive.com

    Cache Inc. (NASDAQ:CACH) announced its financial results for the fourth quarter and full fiscal year 2013, posting sales that declined from last year. The specialty women's apparel chain reported a quarterly decline in net sales, from $60.8M to $55.8M with a 5.9% decrease in comparable-store sales. Net sales for the full year were $216.7M, down from $224.2M in 2012 with comparable-store sales decreasing 0.6%. The company sustained a quarterly loss of $4.8M and $0.23 per share, an improvement from the net loss of $5.5M and $0.43 per share in the year-ago quarter. Annually, the company widened its net loss from $12.1M and $0.94 per share last year to $34.4M and $1.87 per share. Key milestones accomplished during the year included Jay Margolis assuming the role of Chairman and CEO, which also resulted in revamped and refocused business goals, overall strategy, and a recruited executive team.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: CACH
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