Cost Plus Posts Narrower 1Q Loss As Sales Improve

May 15, 2012  by in UnCategorized   

By Aggregated Content in Financial Reports on May 16, 2012 from http://www.4-traders.com/COST-PLUS-INC-8884/news/Cost-Plus-Posts-Narrower-1Q-Loss-As-Sales-Improve-14333007/?countview=0

Home furnishings retailer Cost Plus Inc. posted a slight loss in its fiscal first quarter, though core results topped expectations as the retailer's customers continued to spend more per visit.

Cost Plus' fortunes have improved since its near-extinction during the depths of the financial crisis, when its shares were trading for less than $1 during parts of 2009. Improving results prompted Bed Bath & Beyond Inc. (BBBY) to make a cash tender for Cost Plus valued at about $550

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