NEW YORK - Women's clothing retailer Cache Inc. said Thursday its same-store sales dropped 6 percent in August partly due to Tropical Storm Fay's impact on Florida.
| CACH | 3.95 |
Analysts polled by Thomson Reuters expected a 1.2 percent decline.
Chairman and Chief Executive Thomas Reinckens said in a statement that Tropical Storm Fay hurt one of its biggest markets by causing the temporary closure of some Florida stores.
For the four weeks ended Aug. 23, revenue fell 5 percent to $16.3 million.
Year-to-date same store sales climbed 2 percent, while revenue increased 3 percent to $175 million.
Cache operates 295 Cache and Cache Luxe stores in 43 states, the Virgin Islands and Puerto Rico.

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