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Cache loss widens in Q1

New York -- Cache reported Tuesday a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year. An income tax provision of $10.2 million and employee separation costs were cited as reasons for the worsened performance.

Revenue declined 5% to $53.5 million from $56 million, and same-store sales dipped 1.5%.