Cost Plus, Inc. Announces First Quarter Same Store Sales Up 6.4%.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--May 4, 2000 Cost Plus, Inc. (Nasdaq: CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) announced today that its same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of for the first quarter ended April 29, 2000 increased 6.4% following a 10.2% increase for the first quarter of fiscal 1999. Total sales for the first quarter were $92.2 million, a 22.3% increase from $75.4 million for the same quarter last year. Murray Dashe, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We were very pleased with our first quarter sales results. Same store sales remained strong, especially considering last year's double-digit performance. Our newer stores have continued to be well-received by our customers, particularly in the Easter season The new liturgical calendar of the Roman Catholic Church, which took effect in 1970 following its earlier approval by the Second Vatican Council changed the "Sundays after ". During the quarter, the Company opened six new stores, one more than originally scheduled. Two stores opened in the Atlanta, Georgia area; one each in Akron, Columbus and Mayfield Heights, Ohio Mayfield Heights is a city in Cuyahoga County, Ohio, United States. The population was 19,386 at the 2000 census. Mayfield Heights was originally part of Mayfield Township. Geography Mayfield Heights is located at (41. ; and one in Northbrook, Illinois. Cost Plus, Inc. is a leading specialty retailer of casual home furnishings and entertaining products. As of April 29, 2000, the Company operated 109 stores in 17 states compared to 90 stores in 16 states as of May 1, 1999. |
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