Exhibit 99.1

CACHE ANNOUNCES COMMENCEMENT OF RIGHTS OFFERING

New York, New York — May 8, 2014 — Cache, Inc. (“Cache”) (NASDAQ: CACH), a specialty chain of women’s apparel stores, announced today that it will commence its previously announced $15.0 million rights offering on May 9, 2014.  Under the terms of the rights offering, Cache is distributing, at no charge to the holders of record of its common stock as of 5:00 p.m., New York City time, on the record date for the rights offering of May 8, 2014, approximately 0.342 non-transferable subscription rights for each share of common stock owned on the record date, as will be more fully described in the prospectus relating to the rights offering. Each whole subscription right will entitle the holder to purchase one share of common stock, at a subscription price of $2.00 per share.  Michael F. Price, a member of the Board, managing partner of MFP Investors, LLP and Cache’s largest shareholder has expressed his intent to exercise his subscription rights under the offering, as along with other independent directors.  Chairman and Chief Executive Officer, Jay Margolis and Executive Vice President and Chief Financial Officer, Tony DiPippa have also expressed their intention to participate in the rights offering. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to over-subscribe for additional shares of common stock that remain unsubscribed as a result of any unexercised rights (subject to certain limitations described in the prospectus relating to the rights offering).  The subscription rights may be exercised until 5:00 p.m. New York City time, on May 22, 2014, as more fully described in the prospectus.  Any fractional rights remaining after aggregating all of the subscription rights issued to a shareholder will be rounded down to the nearest whole number, and no shareholder will receive any shares with respect to fractional rights that are rounded down.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The rights offering will be made only by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

A copy of this prospectus, once available, or further information with respect to the rights offering, may be obtained by calling the Information Agent, Morrow & Co., LLC, toll free at 800-662-5200.

About Cache, Inc.

Cache is a nationwide, mall-based specialty retailer of apparel and accessories. Cache offers a boutique shopping experience for stylish and fashion-conscious women with a product line consisting of

elegant evening wear, event and day dresses, casual sportswear and accessories, primarily sold under the Cache brand- everything to meet the events and lifestyle needs in a woman’s life. Cache currently operates 239 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico.

Forward-Looking Statements and Other Information

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, our ability to successfully implement our business strategy and to integrate new members of management, industry trends, merchandise and fashion trends, competition, seasonality, changes in general economic conditions and consumer spending patterns, factors specific to our Company and merchandise, such as demand for our merchandise and markdowns Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in our filings with the Securities and Exchange Commission (the “SEC”), including the section of our Annual Report on Form 10-K filed with the SEC on March 25, 2014 titled “Risk Factors.” Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and we caution you not to rely upon them unduly.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The rights offering will be made only by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.