Cost Plus to expand focus on home
May 19, 2005,
OAKLAND , Calif. — Cost Plus is trying to focus on higher-margin items and is reaping some success in areas such as bedding, pillows, floor coverings, collectibles and candles.
The company reported a net loss of $138,000 for the first quarter, including pre-tax charges of $3.1 related to the departure of its CEO, versus net income of $3.2 million in the prior year first quarter. Sales were $200 million, up 7.7 percent. Comps decreased 1.9 percent.
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