| Ticker: CPWM | 201 Clay Street | |
| Exchange: NASDAQ-National Market | Oakland, California 94607 | |
| Industry: Retail | (510) 893-7300 |
| Type of Shares: | Common Shares | Filing Date: | 2/26/96 | |
| U.S. Shares: | 2,800,000 | Offer Date: | 4/4/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,136,614 | Offer Price: | $15.00 | |
| Secondary Shares: | 663,386 | Gross Spread: | $1.05 | |
| Offering Amount: | $36,400,000 | Selling: | $0.63 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,042,878 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| William Blair & Company | Co-manager | (312) 236-1600 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/25/95 | 2/3/96 | 1/21/95 | 2/3/96 | ||
| Revenue: | $151.20 | $171.55 | $139.90 | Assets: | $105.99 |
| Net Income: | $1.82 | $4.18 | $2.18 | Liabilities: | $69.63 |
| EPS: | $0.68 | Equity: | $36.36 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a specialty retailer of home living and entertainment products. The company operates 49 stores under the name Cost Plus World Market that offer home decor, tabletop items, gifts and consumables such as wine, gourmet foods, coffees and teas The company currently operates 50 stores under the name "Cost Plus World Market" in ten states, primarily in the Western United States. The company's business strategy is to differentiate itself by offering a large and everchanging selection of unique products, many of which are imported, at competitive prices in an exciting shopping environment. Many of the company's products are proprietary or private label, often incorporating the company's own designs, quality standards and specifications, and typically are not available at department stores and other specialty retailers. A significant portion of the company's products are made abroad in over 45 countries, and many of these goods are handcrafted by local artisans. Since its founding, the company has established a well-developed overseas sourcing network and enjoys long standing relationships with many of its vendors. The company is committed to providing value to its customers through competitive everyday prices complemented by selected promotions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt and for general corporate purposes, including working capital. |
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