Cache Reports Flat Comparable Store Sales for March 2008

Expects First Quarter Loss between $0.13 - $0.14 Per Share,
Including Charges Approximating $0.13 Per Share
NEW YORK--(Business Wire)--
Cache Inc. (NASDAQ: CACH) today announced that comparable store
sales (sales for stores open at least one year) were flat in March
2008, as compared to flat comparable store sales in March 2007. Total
sales for the five-week period ended March 29, 2008 increased 1% to
$29.4 million, as compared to the five-week period ended March 31,
2007. Comparable store sales increased 3% during the 13-week period
ended March 29, 2008, as compared to a 3% increase for the same period
in 2007. Total sales for the 13-week period increased $3.3 million or
5% to $67.6 million.

"March proved difficult for Cache," stated Thomas Reinckens
Chairman and Chief Executive Officer, of Cache, Inc. "Sportswear sales
continued strongly reflecting broad based acceptance of our offerings.
However, special occasion dresses were particularly weak, which we
attribute to a soft prom season. Accordingly, we have updated our
first quarter guidance, having taken additional markdowns where
necessary to maintain tight control of inventory. We are pleased with
our positioning as we begin April. We began the month with inventory
per store and per square foot down approximately 25% from the prior
year. The one time charges, primarily relating to the closure of
approximately 15 underperforming stores, are a positive step in
positioning the Company for future profitable growth. To this end,
first quarter fiscal 2008 earnings per share for ongoing stores are
expected to approximate $0.02 to $0.03 per share. I remain confident
that the strategies we are implementing will lead to improved
profitability and long term sustainable growth."

During the month, the Company opened two new stores and closed one
store.

Updated First Quarter Fiscal 2008 Guidance

The Company currently expects to report a first quarter fiscal
2008 loss between $0.13 and $0.14 per share, inclusive of an
approximate $0.10 per share charge for the closure of underperforming
stores and $0.03 per share in costs related to a previously announced
management change. The Company expects first quarter losses from
stores expected to be closed to approximate $0.03 per share. The
current guidance compares to the Company's previous expectation for
first quarter fiscal 2008 diluted earnings per share of $0.03 to $0.04
and versus first quarter fiscal 2007 earnings per diluted share of
$0.01. The Company expects to report results for the first quarter
ended March 29, 2008 on or around April 30, 2008.

About Cache, Inc.

Cache is a nationwide, mall-based specialty retailer of
sophisticated, social occasion sportswear and dresses targeting
style-conscious women. Cache targets women between the ages of 25 and
45 who have a youthful attitude, are self-confident and
fashion-conscious, and require a missy fit. We operate 294 Cache and
Cache Luxe stores, primarily situated in central locations in high
traffic, upscale malls in 43 states, the Virgin Islands and Puerto
Rico.

Certain matters discussed within this press release may constitute
forward-looking statements within the meaning of the federal
securities laws. Although Cache, Inc. believes the statements are
based on reasonable assumptions, there can be no assurance that these
expectations will be attained. Actual results and timing of certain
events could differ materially from those projected in or contemplated
by the forward-looking statements due to a number of factors,
including, without limitation, ability to successfully open new
stores, introduction of the Cache Luxe concept, dependence on
management, dependence on vendors and distributors, reliance on
foreign manufacturers, material weakness in our internal controls,
industry trends, merchandise and fashion trends, competition,
seasonality and changes in general economic conditions and consumer
spending patterns, as well as other risks outlined from time to time
in the filings of Cache, Inc. with the Securities and Exchange
Commission.

Cache Inc.
Maggie Feeney, 212-575-3206
Executive Vice President and Chief Financial Officer
or
Investor Relations:
Integrated Corporate Relations
Allison Malkin/Shaun Smolarz
203-682-8225/8346

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