Cost Plus Inc. Announces Same Store Sales for November.OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif.--(BUSINESS WIRE)--Dec. 5, 1996--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 four-week period ended Nov. 30, 1996 decreased 2.6% from the four-week period ended Dec. 2, 1995. The decrease in same store sales resulted from the retail calendar difference between November November: see month. 1995, which included nine days of post-Thanksgiving holiday shopping sales, and November 1996, which included only two. When the four-week period ended Nov. 30, 1996, is compared with the four-week period ended Nov. 25, 1995 (both include two post-Thanksgiving shopping days), same store sales increased 16.4%. 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 43-week period ended Nov. 30, 1996 increased 3.8%. With the Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. holidays aligned, year-to-date same store sales increased 8.2%. Total sales for the four-week period ended Nov. 30, 1996, were $24.6 million, a 10.3% increase from $22.3 million, for the four-week period ended Dec. 2, 1995. Year-to-date, total sales for the 43-week period ended Nov. 30, 1996, were $148.8 million, an 18.1% increase from $126.0 million, for the 43-week period ended Dec. 2, 1995. Total sales for the 1996 month and year-to-date periods do not include the additional seven days of post-Thanksgiving sales that are included in the prior year results. As of Nov. 30, 1996, the company operated 58 stores compared to 49 stores as of Dec. 2, 1995. Cost Plus is a leading retailer of casual home living and entertaining products. The company operates 58 stores in 10 states under the name "Cost Plus World Market." CONTACT: Cost Plus, Oakland Alan Zimtbaum, 510/893-7300 ext. 3006 |
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