CPWM - FULL DESCRIPTION
Cost Plus, Inc. is a specialty retailer of casual home furnishings and entertaining products in the United States. As of January 30, 2010, the Company operated 268 stores under the name World Market, Cost Plus World Market, Cost Plus Imports and World Market Stores in 30 states. Cost Plus World Market’s products are private label, incorporating the Company’s own designs, World Market brand name and are not available at department stores or other specialty retailers. During the fiscal year ended January 30, 2010 (fiscal 2009), the Company opened a total of two stores, both are in the markets of Tucson, AZ and Phoenix, AZ. In addition to opening two stores in fiscal 2009, the Company also closed 30 stores. The Company offers selected products on its Website at www.worldmarket.com, which provides customers with purchase options and product information for items sold in stores. The Company services its stores from its distribution centers located in Stockton, California (California) and Windsor, Virginia (Virginia).
The Company’s product offerings include home decorating items, such as furniture, rugs, pillows, bath linens, lamps, window coverings, frames and baskets. Cost Plus World Market’s furniture products include ready-to-assemble living and dining room pieces, unusual handcrafted case goods and occasional pieces, as well as outdoor furniture made from a variety of materials, such as rattan, hardwood and wrought iron. The Company also sells a number of tabletop and kitchen items, including glassware, ceramics, textiles and cooking utensils. Kitchen products include an assortment of products organized around a variety of themes, such as baking, food preparation, barbecuing and international dining. Cost Plus World Market offers a number of gift and decorative accessories, including collectibles, candles, framed art, and holiday and other seasonal items. The Company’s offering also includes an assortment of jewelry, fashion accessories and personal care items. Cost Plus World Market also offers its customers a selection of gourmet foods and beverages, including wine, microbrewed and imported beer, coffee, tea and bottled water.
The Company competes with Bed Bath & Beyond, Target, Crate & Barrel, Pottery Barn, Michaels Stores, Pier 1 Imports, Trader Joe’s and Williams-Sonoma.
Cost Plus Inc
200 4th Street
Oakland CA 94607
Source: The Equities Group, Inc.