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was devoted exclusively to wicker and rattan that he had imported himself. The store was named Cost Plus after Amthor's strategy of pricing the imported goods at cost, plus ten percent. The stores featured an eclectic mix of imported furniture and home furnishings, displayed in the style of a bazaar. The success in San
Francisco led Amthor to quickly open other stores across
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furniture. Rather than display the wicker pieces in his store, he rented 4,000 square feet (370 m) of warehouse space in the
Fisherman's Wharf area of San Francisco. The imported furniture sold quickly, and Amthor began a new business as an importer. When he opened his first store in 1958, it
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stores, selling home furniture, decor, curtains, rugs, gifts, apparel, coffee, wine, craft beer, and international food products. The brand's original name came from the initial concept, since abandoned, of selling items for "cost plus 10%". The company was owned by
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In the 1990s, Cost Plus shifted the branding of its stores to either Cost Plus World Market or simply World Market in markets new to the brand (generally in the eastern or southern regions of the United States). In 1996, Cost Plus World Market went
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In
October 2019, Bed Bath and Beyond announced pending closure of 40 Bed Bath and Beyond stores and 20 stores of World Market and other subsidiaries. The company sold Cost Plus World Market to Kingswood Capital Management in February 2021.
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of 2006. Annual earnings were $ 280 million with over $ 800 million in revenue. By 2008 the company was operating at a loss, and rebuffed an 88.4 million dollar takeover bid by Pier 1 Imports. In 2012, Cost Plus was acquired by
319:. This location permanently closed in 2020. Founder William Amthor had been operating a small family-owned furniture store in San Francisco, when he imported a surplus of
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marketplace, Craft by World Market. The website posts items for one month at a time, and sells only products that attract enough pre-orders to be worthwhile.
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On 23 October 1958, William Amthor and
Lincoln Bartlett opened the first Cost Plus Imports store at 2552 Taylor Street on
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724:"Bed Bath & Beyond Sells Cost Plus World Market, Buys Back More Stock"
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from 2012 to 2021, and is currently headquartered in
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30:"Cost Plus" redirects here. For other uses, see
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578:"Pier 1 Imports: From Hippie to Hip to Hell"
119:Fisherman's Wharf, San Francisco, California
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625:"Pier 1 withdraws bid to acquire Cost Plus"
286:, is an American chain of specialty/import
235:Kingswood Capital Management (2021–present)
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681:Somerville, Heather (February 20, 2014).
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27:Retail store chain in the United States
820:American companies established in 1958
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825:Retail companies established in 1958
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261:Inside a Cost Plus World Market in
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830:1958 establishments in California
406:"Cost Plus, Inc. Company Profile"
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531:The North Bay Business Journal
331:In 1962, with the help of the
179:Alex Smith, Executive Chairman
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840:2021 mergers and acquisitions
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759:San Francisco Bay Area portal
642:Hsu, Tiffany (May 9, 2012).
108:; 66 years ago
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495:"The world in a paper bag"
32:Cost plus (disambiguation)
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358:and began trading on the
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664:"Craft by World Market"
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198:963.83 million (2011)
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379:crowdsourcing-model
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297:Alameda, California
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216:Number of employees
155:Number of locations
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711:. October 3, 2019.
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38:World Market, Inc.
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280:World Market
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247:.worldmarket
143:Headquarters
79:Company type
74:World Market
609:24 December
511:24 December
475:24 December
282:, formerly
233:(2012–2021)
165:Area served
794:Categories
733:2020-12-15
537:2021-10-22
448:2018-01-13
389:References
317:California
205:Net income
175:Key people
159:258 (2020)
69:Trade name
556:Cost Plus
552:"History"
342:In 1987,
184:Products
89:Industry
708:WAND TV
629:Reuters
344:Bechtel
303:History
240:Website
192:Revenue
126:Founder
111: (
103:Founded
83:Private
583:Forbes
562:May 8,
422:May 8,
360:NASDAQ
356:public
321:wicker
288:retail
226:Parent
149:, U.S.
121:, U.S.
93:Retail
558:. n.d
498:(PDF)
220:6,127
611:2022
564:2014
513:2022
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424:2014
249:.com
196:US$
113:1958
106:1958
311:in
245:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
