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Cost Plus Inc

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BUSINESS
May 21, 2004
* Cost Plus Inc. said first-quarter net income rose 29% on a 17% rise in sales, pushed by home furnishings and consumables. Net income was $3.30 million, or 15 cents a share, compared with $2.56 million, or 12 cents, a year earlier. Total sales rose to $185.7 million from $159.2 million as same-store sales climbed 3.4% after a 3% increase a year earlier.
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BUSINESS
January 10, 2009 | Andrea Chang
Specialty retailer Cost Plus Inc. said Friday that it was closing 26 stores and exiting eight regional markets in response to the current economic downturn. "We were disappointed with our holiday sales results and larger-than-anticipated markdowns resulting from the tough economic climate and exceptionally poor weather conditions in certain geographic areas," said Barry Feld, chief executive of Cost Plus.
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BUSINESS
June 17, 2008 | From Bloomberg News
Cost Plus Inc. rejected an unsolicited $79-million takeover offer from larger Pier 1 Imports Inc., saying the bid for its 296 home-furnishing stores wasn't "attractive." The June 6 stock offer from Fort Worth-based Pier 1, initially worth $4 a share, was rejected unanimously by its board, Oakland-based Cost Plus said Monday. Pier 1 climbed 7.6% in New York trading after the news. Pier 1, the biggest U.S.
BUSINESS
August 19, 2005 | From Times Wire Services
Cost Plus Inc. said second-quarter profit fell 55% because of higher advertising-related costs, and the company lowered its guidance for the remainder of the year. The Oakland-based home furnishings retailer said it expected to report full-year earnings of $1.25 to $1.30 a share, down from the $1.26 to $1.36 the company indicated in May. Analysts were looking for full-year earnings of $1.33 a share on sales of $997.3 million. Second-quarter profit fell to $1.
BUSINESS
January 10, 2009 | Andrea Chang
Specialty retailer Cost Plus Inc. said Friday that it was closing 26 stores and exiting eight regional markets in response to the current economic downturn. "We were disappointed with our holiday sales results and larger-than-anticipated markdowns resulting from the tough economic climate and exceptionally poor weather conditions in certain geographic areas," said Barry Feld, chief executive of Cost Plus.
BUSINESS
June 17, 2008 | From Bloomberg News
Cost Plus Inc. rejected an unsolicited $79-million takeover offer from larger Pier 1 Imports Inc., saying the bid for its 296 home-furnishing stores wasn't "attractive." The June 6 stock offer from Fort Worth-based Pier 1, initially worth $4 a share, was rejected unanimously by its board, Oakland-based Cost Plus said Monday. Pier 1 climbed 7.6% in New York trading after the news. Pier 1, the biggest U.S.
BUSINESS
November 18, 1998 | From Times Wire Services
Home Depot Inc., Dayton Hudson Corp. and other retailers reported strong profit gains for the third quarter as the economy boosted sales of everything from paint and other household goods to casual clothes. Home Depot, the biggest U.S. retailer of home improvement supplies, said its net income increased 31% to $392 million, or 20 cents a share, a penny higher than expected. Revenue surged 24% to $7.7 billion as strong housing sales fueled demand for its home and building supplies.
NEWS
October 5, 1999 | JAMES PELTZ and MICHAEL HILTZIK, Times Staff Writers
MCI WorldCom (WCOM) Jim: Mike, up first is MCI WorldCom, which is, of course, the nation's second-largest long-distance phone company--created last year by the $40-billion merger of MCI and WorldCom. Mike: Jim, I think you misspoke yourself right there. Jim: How so? Mike: Because I think calling MCI WorldCom a long-distance phone company is like calling Time Warner a cartoon company. It doesn't really tell you what this company is and what it's going to be. Jim: You're way ahead of me.
BUSINESS
August 19, 2005 | From Times Wire Services
Cost Plus Inc. said second-quarter profit fell 55% because of higher advertising-related costs, and the company lowered its guidance for the remainder of the year. The Oakland-based home furnishings retailer said it expected to report full-year earnings of $1.25 to $1.30 a share, down from the $1.26 to $1.36 the company indicated in May. Analysts were looking for full-year earnings of $1.33 a share on sales of $997.3 million. Second-quarter profit fell to $1.
BUSINESS
May 21, 2004
* Cost Plus Inc. said first-quarter net income rose 29% on a 17% rise in sales, pushed by home furnishings and consumables. Net income was $3.30 million, or 15 cents a share, compared with $2.56 million, or 12 cents, a year earlier. Total sales rose to $185.7 million from $159.2 million as same-store sales climbed 3.4% after a 3% increase a year earlier.
NEWS
October 5, 1999 | JAMES PELTZ and MICHAEL HILTZIK, Times Staff Writers
MCI WorldCom (WCOM) Jim: Mike, up first is MCI WorldCom, which is, of course, the nation's second-largest long-distance phone company--created last year by the $40-billion merger of MCI and WorldCom. Mike: Jim, I think you misspoke yourself right there. Jim: How so? Mike: Because I think calling MCI WorldCom a long-distance phone company is like calling Time Warner a cartoon company. It doesn't really tell you what this company is and what it's going to be. Jim: You're way ahead of me.
BUSINESS
November 18, 1998 | From Times Wire Services
Home Depot Inc., Dayton Hudson Corp. and other retailers reported strong profit gains for the third quarter as the economy boosted sales of everything from paint and other household goods to casual clothes. Home Depot, the biggest U.S. retailer of home improvement supplies, said its net income increased 31% to $392 million, or 20 cents a share, a penny higher than expected. Revenue surged 24% to $7.7 billion as strong housing sales fueled demand for its home and building supplies.
BUSINESS
June 25, 2008 | From the Associated Press
Retailer Pier 1 Imports Inc. said Tuesday that it was withdrawing its offer to buy rival Cost Plus Inc. for $88 million. Pier 1 said it was unlikely that it would be able to buy the company at a price that would make sense for its shareholders. The company offered to buy Cost Plus this month in a stock swap transaction. In the proposal, Pier 1 said it would issue 0.6 of a share of its common stock for each share of Cost Plus common stock, implying a value of $4 a share. Last week, Cost Plus' board of directors rejected Pier 1's offer.
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