“We recognize more work needs to be done to bring about consistency in our sales performance and return our Company to profitability and positive sales growth. In the near term, we are focused on identifying a President and are working aggressively to re-balance our sportswear assortments. We also intend to seek to capitalize on up-trending areas of our business such as dresses and our e-commerce channel. At the same time, we are implementing a cost savings program that we expect will generate $3 million in annualized savings in fiscal 2013. We remain confident that we are taking the right steps to improve our near term performance and return our Company to long term sustainable growth.”About Cache, Inc.
Cache Reports Third Quarter Fiscal 2012 Sales Results And Updates Third Quarter EPS Guidance
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