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Cost Plus History

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Cost Plus World Market History
The first Cost Plus opened in 1958, when a San Francisco businessman parlayed his passion for travel into an import business by selling a shipload of hand-woven wicker from a local pier. The furniture sold out within a few days, but the idea lived on. Now Cost Plus World Market’s store at Fisherman’s Wharf in San Francisco is a favorite destination for tourists and locals alike. (Cost Plus World Market)
With such a receptive audience eagerly awaiting his return, it only made sense to open a store. And in 1958 he opened the first store in San Francisco’s famed Fisherman’s Wharf and called it Cost Plus World Market. The store quickly became a destination for those who craved original and handmade items from …show more content…

The wines that they sell include wine, micro brewed and imported beers, coffee, tea and bottled water. The wine assortment is moderately priced premium wines that are not readily available at a neighborhood wine or grocery store. The staffs are trained and can help with the different wines as to what the consumer is looking for with the budget they are working with. The company routinely shops a variety of retailers to ensure that its products are competitively priced. (Cost Plus World Market)
Company strength for the company is that they are online, and since many people are connected to the internet they can reach many more consumers. Outside of the shopping the company has available on the website its Annual Report, Quarterly Reports, and Currents reports. The website gives information for the investors, merchandisers, etc. Cost Plus World Market offers different coupons for sales and percent off on the internet as well. Since they shop the other competition retailers to make sure they have a competitive price you can feel comfortable that you will get the best price out there for unique items.
Cost Plus World Market Organizational Weaknesses
Cost Plus World Market has significant debt and may incur from this substantial debt added to it in the future. A good portion of the future cash flow for the companies operating activities will likely be dedicated to the payment of interest and the repayment of principal on the indebtedness.

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