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Anne Stych is a staff writer for Bizwomen. Send this to a friend. Thank you for sharing. Your email has been sent. Email address of friend insert comma between multiple addresses, limit 5 :. Your email address:. But why? Based in Alameda, California, the retail chain carries a wide range of goods, including home furnishings and decor, gifts, apparel, coffee, wine, craft beer and international food products.
At the time, it had about stores, primarily outside the Northeast. A similar argument was made in , when the big-box retailer purchased health and beauty brand Harmon Beauty. Its store sizes and locations, as well as its mix of home decor, occasional furniture, candles, smattering of textiles and assorted doodads is eerily similar to what a shopper might have found at a Pier 1 during its heyday. Only the food offerings differ, as Pier 1 never really carried the category—but in the pandemic era, when consumables are doing particularly well, they might enhance the overall product mix.
As a result, Cost Plus could be in an attractive market position for the right buyer. Strategic buyers could include any retail operator looking to enhance its home portfolio, since most Cost Plus stores are freestanding or in strip malls—not troubled enclosed malls.
The fact that the brand has seemingly been on the market for the better part of a year without a sale seems to confirm that. But there is merit in this brand, and at a likely fire-sale price, Cost Plus World Market could be a steal for a savvy operator. There are many positives to be found—they would just have to start with getting a simpler and singular name over the front door. Warren Shoulberg is the former editor in chief for several leading B2B publications.
His Retail Watch columns offer deep industry insights on major markets and product categories. BOH Insiders unlock access to weekly designer classes and exclusive Insider-only workshops. What will happen to Cost Plus World Market? By Warren Shoulberg. Homepage photo: Shutterstock. Want to stay informed? Shopify makes a major design industry acquisition 1. Shopify makes a major design industry acquisition.
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