Cost Plus, Inc. Announces May Same Store Sales Up 8.2%.OAKLAND, Calif.--(BUSINESS WIRE)--June 4, 1998--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 four-week period ended May 30, 1998 increased 8.2% from the same four-week period in 1997. Same store sales for the seventeen-week period ended May 30, 1998 increased 6.5%. Total sales for the four-week period ended May 30, 1998 were $17.4 million, a 22.5% increase from $14.2 million, for the four-week period ended May 31, 1997. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , total sales for the seventeen-week period ended May 30, 1998 were $74.3 million, an 18.3% increase from $62.8 million, for the same period last year. As of May 30, 1998, the Company operated 71 stores compared to 60 stores as of May 31, 1997. Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. With today's grand opening of its fourth store in the Detroit market in Troy, Michigan Troy is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2000 census, the city had a total population of 80,959, the 12th largest city in Michigan by population. , the Company now operates 72 stores under the name "Cost Plus World Market" in 13 states. CONTACT: Cost Plus World Market Murray Dashe, 510/893-7300 ext. 3002 |
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