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Cloud Computing  Apr 8  Comment 
PHOENIX, AZ--(Marketwired - April 08, 2014) - Syn-Apps, LLC, a recognized leader in network-centric paging and mass notification, announces a new release of their SA-Announce notification software. Version 9.0.12 offers advanced Reporting...
Times Online  Mar 28  Comment 
A cache of love letters written by the young Ian Fleming has revealed an attitude towards women and sex that would...
guardian.co.uk  Mar 26  Comment 
Confidential documents from the University of London reveal that institutions continue to outsource vital services even though workers are being squeezed and quality compromised On 28 February this year, students protested outside Senate House...
TheStreet.com  Mar 25  Comment 
NEW YORK (TheStreet) -- Shares of Cache Inc. plummeted 13.28% to $3.33 Tuesday after failing to meet earnings expectations and posting larger losses than analysts had forecast.Net sales for the women sportswear company in the fiscal 2013 fourth...
DailyFinance  Mar 25  Comment 
CALGARY, ALBERTA -- (Marketwired) -- 03/25/14 -- Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) produces natural gas that is delivered to the Copton Creek and Cutbank River receipt points which it has been advised will be affected by...
Cloud Computing  Mar 25  Comment 
WEST HARTFORD, Conn. , March 25, 2014 /PRNewswire/ -- Today's enterprises face unique challenges. In the past, the requirement was to upgrade, be it a move from mainframes to PCs, command-line based to graphical interfaces, or from standalone to...
StreetInsider.com  Mar 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Cache%2C+Inc.+%28CACH%29+Posts+Q4+Loss+of+17cShare/9312580.html for the full story.
New York Times  Mar 24  Comment 
Japan will announce Monday that it will turn over to Washington more than 700 pounds of weapons-grade plutonium and a large quantity of highly enriched uranium.     
DailyFinance  Mar 13  Comment 
Cache Inc., (NASDAQ:CACH) today announced that the Company will conduct a conference call to discuss its fourth quarter and fiscal 2013 results on Tuesday, March 25, 2014 at 9:00 a.m. Eastern Time. A press release including...




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Cache, Inc. (CACH) is a specialty retailer, which operates stores selling women's apparel and accessories under the names Cache and Cache Luxe. Each of these store concepts carries its own distinctive brand merchandise, which includes sportswear, dresses, and accessories (jewelry, belts, and handbags meant to complement the sportswear and dress categories). Cache targets women between the ages 25 and 45. Cache Luxe is the company's newest store concept that was rolled out to replace the Lillie Store concept. Cache Luxe stores will offer a larger selection of casual and evening apparel and accessories at higher price points. Meanwhile, the company recently decided to close its Lillie Rubin stores by the end of the third quarter. The company ended 2007 with 296 total stores, primarily situated in central locations in high traffic and upscale malls throughout the US. Cache also sells merchandise online through its website: www.cache.com.

The investment thesis for buying shares of Cache is the strength of the company's core Cache store concept, its direct sourcing efforts, and its healthy balance sheet.

Cache believes it can expand its total store count to 350 Cache stores, up from about 300 stores today. Part of the plan has been to increase its total square footage in the mid-single digits. Along with ramping up its store count, Cache has also been progressively refurbishing existing stores to enhance the customer-shopping experience. In addition, the company is not growing just for the sake of growth its strategy is to improve its profit margins with solid sales growth. Specifically, Cache's long-term growth strategy includes significantly increasing its operating profit margin to 15%, up from 7.5% in 2005, 6.3% (excluding Lillie Rubin exit costs) in 2006, and around 3.4% in 2007. To facilitate its profit margin expansion, the company's strategy has been to reduce the number of stock keeping units (SKUs) in its stores and the number of vendors from which it buys. Cache also has established a merchandising process that provides it with shorter product lead times. The shorter lead time enables the company to alter its merchandise mix to take advantage of popular offerings and reduce or eliminate unpopular items. The combination of a smaller number of product offerings on its shelves, fewer vendors, and shorter lead times enables the company to better manage its inventory. This should help minimize working capital requirements and boost profit margins. With that in mind, the company announced the acquisition of its largest supplier and believes it can have 40% of its merchandise directly-sourced by year-end 2007. This should help boost profit margins in 2008 and beyond. By seeking to grow its business profitably, Cache should be able to smartly manage its long-term store expansion, which should lead to several years of strong sales and earnings growth. In addition, the closing of its poorly performing Lillie Rubin stores should help boost profit margins. For the last two years, Lillie Rubin has been a consistent drag on the company's sales growth and profit margins. Additionally, the company maintains a pristine balance sheet with just $4.6 million in long-term debt with a debt-to-equity ratio of 4.2%. Cache's balance sheet and solid cash flows provide the company with the financial flexibility to internally finance its long-term growth plans, weather the current spending slowdown, or buyback shares. Note: the company recently announced a 3 million share buyback.

Lastly, the stock is down about 60% in the last twelve months, due to difficult environment for retailers and the company's soft results. But, we expect the company's performance to improve in the quarters ahead. We view this level as an attractive entry point for purchasing the shares.




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