The Economic Times  May 19  Comment 
In an exclusive chat with ET Now, Railway Minister Suresh Prabhu said three projects -Tejas, Humsafar, UDAY- will be launched on cost plus basis.
Wall Street Journal  Apr 11  Comment 
KaloBios Pharmaceuticals, the drugmaker that was briefly taken over by former pharmaceuticals executive Martin Shkreli last year, said it would charge cost plus a “reasonable and transparent profit margin” for its drugs.
Reuters  Mar 7  Comment 
The U.S. Air Force on Monday named Pratt & Whitney as the engine maker for the new Northrop Grumman Corp long-range strike bomber, and defended the plane's "cost plus incentive fee" contract that has been challenged by U.S. lawmakers.
The Economic Times  Sep 25  Comment 
'From a power sector perspective, the good thing is that a lot of sale arrangements are cost plus, except for select plants.
DailyFinance  Jan 27  Comment 
PASADENA, CA -- (Marketwired) -- 01/27/14 -- Smartify, Inc., a leading digital marketing and analytics platform, announced today that its board of directors has appointed Carla Bourque as the organization's next Chief Executive Officer....
DailyFinance  Dec 13  Comment 
The televised Yule Log on Time Warner Cable is back this year in SD, HD and once again in 3D via Video On Demand at no additional cost. Plus, for added holiday cheer, viewers can access the iconic video fireplace, anytime, for...
The Hindu Business Line  Apr 7  Comment 
Ministerial panel to meet on April 9
TechCrunch  Apr 2  Comment 
Aereo has been making waves of late, winning an important court decision yesterday in its massive legal battle with network broadcasters over the legality of Aereo’s live streaming/DVR system that brings HD video content to any of your devices...
The Hindu Business Line  Oct 19  Comment 
Will import at ‘cost plus basis’ only if buyers need more coal
Benzinga  Aug 13  Comment 
Canaccord Genuity raised its rating on Bed Bath & Beyond (NASDAQ: BBBY) from Hold to Buy and increased its price target from $71 to $75. Canaccord Genuity noted, "BBBY shares have declined 15% since 6/20 when the company issued Q2 EPS guidance...


Cost Plus, Inc. (CPWM) is a leading specialty retailer of home furnishings. The company also offers products like gourmet food and wines through its stores, which are located in high-traffic metropolitan and suburban areas, primarily near major malls. The company operates 294 stores in 34 states, mostly in the western part of the U.S. Cost Plus offers a wide variety of unique and moderately priced products, most of which are imported. Several products are marketed under proprietary or private labels that incorporate the company's in-house designs and the World Market brand name. Cost Plus also supplies a number of tabletop and kitchen items, including ceramics, glassware, and cooking utensils, as well as gift and decorative items, such as collectibles, jewelry, cards, and wrapping paper.

The company's turnaround strategy is not working as well the company had hoped. This is because of the difficult macro conditions impacting consumers and the poor environment for home furnishings retailers. Many retailers are struggling against the backdrop of a weak housing market, mortgage market troubles, high gas prices, and moderating consumer spending. Retailers of home furnishings are getting the brunt of these difficult conditions. High gas prices act like a tax on consumers and reduce consumer demand for discretionary goods. The weak housing market and problems in the mortgage market have pretty much shut the door on further home refinancings. This has eliminated an important source of disposable income for consumers and reduced the amount of discretionary income consumers have, creating a poor environment for the home furnishings industry. Unfortunately for CPWM shareholders, when consumers decide to tighten their belts, the merchandise on the company s shelves tends to be more discretionary than that of many other stores. As a result, Cost Plus recent results have been hindered by uneven sales and soft profit margins in recent quarters. Cost Plus had a 6.6% decline in traffic in the third quarter of fiscal 2007 and 4.3% decline in the same-store sales. We note that these trends, while still quite soft, are smaller declines than in prior few quarters. Moreover, Cost Plus third quarter gross margins contracted by 220 basis points, due to de-leveraging of occupancy and distribution costs on declining same-store sales. SG&A expenses as a percentage of sales fell 20 basis points. While a small positive on its face, the lower SG&A expense was a result of a reduced advertising spend and cost controls. Reducing its advertising will have a negative impact on store traffic and sales growth. Lastly, Cost Plus has 298 stores across the country. However, it has 72 stores, or 24% of its total store base, located in California. Unfortunately, California is experiencing one of the worst housing markets in the nation. With about 24% in California, Cost Plus' overall results will continue to be negatively impacted by housing problems on the west coast. Until that situation stabilizes, Cost Plus will continue to struggle.


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