Cost Plus, Inc. Announces March Same Store Sales up 18.7%.OAKLAND, Calif.--(BUSINESS WIRE)--April 11, 1996--Cost Plus, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 five-week period ended April 6, 1996, increased 18.7% from the same five-week period in 1995. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , same store sales for the nine-week period ended April 6, 1996, increased 13.9%. The strong results for the month of March reflect the calendar shift to an earlier Easter on April 7, 1996, from April 16, 1995. The company currently expects the earlier Easter will result in lower comparable store sales for the four-week period ending May 4, 1996, compared to the similar sales period in 1995. Total sales for the five-week period ended April 6, 1996, were $17.0 million, or a 37.1% increase, compared with $12.4 million, for the five-week period ended April 8, 1995. Year-to-date, total sales for the nine-week period ended April 6, 1996 were $28.4 million, or a 30.9% increase compared with $21.7 million, for the nine-week period ended April 8, 1995. As of April 6, 1996, the company operated 50 stores compared to 43 stores as of April 8, 1995. Cost Plus, Inc. is a leading retailer of casual home living and entertaining products. The company operates 50 stores under the name "Cost Plus World Market" in nine Western states and Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. . CONTACT: Cost Plus, Inc. Alan E. Zimtbaum, 510/893-7300 ext. 3006 |
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