As of Sep 27, 2014 Cache operated 236 stores in 41 states, the Virgin Islands and Puerto Rico.
During fiscal 2013, the company opened 2 stores, remodeled 11 stores and closed 12 locations. In the first nine months of fiscal 2014, the company closed 14 stores. During the balance of 2014, the company expects to open 3 new stores, and plans to accelerate the closing of unproductive locations, the majority of which are expected to close in the first quarter of 2015.
All stores are leased. The company typically negotiates rental agreements based on its portfolio of store locations with a particular landlord rather than on an individual basis, and most leases have renewal options at increased rents.
Stores are primarily situated in central locations in high traffic, upscale malls - with 5 street locations and 2 outlet stores - and range in size from 1,500 to 2,500 square feet, averaging approximately 2,000 square feet.
|Total gross square feet (M)||477||506||526||565||571||576|
|Total gross square feet growth||-5.7%||-3.8%||-6.9%||-1.1%||-0.9%||-3.7%|
|Avg store gross sq ft||2,000||2,000||2,000||2,000||2,000||2,000|
|Avg store gross sq ft growth||-0.1%||0.0%||-0.1%||0.0%||0.5%||-0.3%|