Cost Plus weighs benefits of booze

NEW YORK — Cost Plus World Market is expecting to grow its 218-unit chain to 600 stores by 2011, with 100 of those sites to be alcohol free, the company said during the Lehman Brothers Retail Seminar.

"Alcohol does drive traffic," said John Luttrell, senior vice president and chief financial officer.

But, he explained, of its current stores, six are non-alcoholic and "have similar bottom lines (to the stores that do sell alcoholic beverages). We built those (non-alcoholic) stores about 1,000 square feet smaller, which reduces our occupancy rate by about 4 percent."

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!