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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
308:. 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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19:"Cost Plus" redirects here. For other uses, see
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567:"Pier 1 Imports: From Hippie to Hip to Hell"
108:Fisherman's Wharf, San Francisco, California
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614:"Pier 1 withdraws bid to acquire Cost Plus"
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16:Retail store chain in the United States
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814:Retail companies established in 1958
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819:1958 establishments in California
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320:In 1962, with the help of the
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829:2021 mergers and acquisitions
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748:San Francisco Bay Area portal
631:Hsu, Tiffany (May 9, 2012).
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21:Cost plus (disambiguation)
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368:crowdsourcing-model
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205:Number of employees
144:Number of locations
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700:. October 3, 2019.
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132:Headquarters
68:Company type
63:World Market
598:24 December
500:24 December
464:24 December
271:, formerly
222:(2012–2021)
154:Area served
783:Categories
722:2020-12-15
526:2021-10-22
437:2018-01-13
378:References
306:California
194:Net income
164:Key people
148:258 (2020)
58:Trade name
545:Cost Plus
541:"History"
331:In 1987,
173:Products
78:Industry
697:WAND TV
618:Reuters
333:Bechtel
292:History
229:Website
181:Revenue
115:Founder
100: (
92:Founded
72:Private
572:Forbes
551:May 8,
411:May 8,
349:NASDAQ
345:public
310:wicker
277:retail
215:Parent
138:, U.S.
110:, U.S.
82:Retail
547:. n.d
487:(PDF)
209:6,127
600:2022
553:2014
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238:.com
185:US$
102:1958
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300:in
234:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
