cost plus world market type subsidiary industry retail online shopping founded 1958 at fisherman s wharf in san francisco california united states founder william amthor headquarters jack london district oakland california united states number of locations 276 2015 1 area served united states key people barry j. feld ceo products furniture curtains wine beer rugs bedding home decor home accessories housewares gifts kitchenware tableware cookware and bakeware revenue us 963.83 million 2011 2 net income us 16.5 million 2011 number of employees 6 127 2 parent bed bath & beyond website www.worldmarket.com cost plus headquarters in oakland cost plus world market is a chain of specialty import retail stores selling home furniture decor curtains rugs gifts apparel coffee wine craft beer as well as several international food products . the brand s name originated from the initial concept since abandoned of selling items for cost plus 10 % . its current headquarters are located in oakland california 4 in the jack london district . the company has been a subsidiary of bed bath & beyond since being acquired in 2012 . history edit cost plus opened its first store at fisherman s wharf in san francisco california in 1958 . founder william amthor discovered san franciscans loved imported discount retail merchandise when he sold some extra rattan furniture . amthor operated a small family owned furniture store in san francisco at the time but instead of displaying the rattan furniture in his store he rented 4 000 square feet 370 m2 of warehouse space in the fisherman s wharf area of san francisco . the rattan furniture sold quickly convincing amthor to start importing merchandise as a new business . he opened his first store devoted exclusively to imported merchandise later in 1958 and began importing wicker by the shipload . 5 after the success of this store they quickly spread across the bay area and later into other states . there are 276 stores spread across 35 states . 6 in the 1990s cost plus shifted the branding of its stores to either cost plus world market or to simply world market in markets new to the brand generally in the eastern or southern regions of the united states . in 1996 cost plus world market went public and began trading on the nasdaq stock market . in february 2006 cost plus reported quarterly earnings of 125 million with 367 million in revenue for the 4th fiscal quarter of 2006 . their annual earnings were 280 million with over 800 million in revenue . cost plus was acquired by bed bath & beyond in 2012 . 7 in 2014 cost plus world market launched an online crowdsourcing model marketplace called craft by world market . 8 the website will post items for one month at a time and sell only products that have a certain number of pre orders to ensure enough customers will buy them . 9 references edit cost plus inc. reports first quarter 2011 results and provides outlook for the second quarter archived february 16 2012 at the wayback machine . a b cost plus inc. company profile . yahoo finance . archived from the original on july 26 2013 . retrieved may 8 2014 . company profile for cost plus inc cpwm . retrieved 2008 10 23 . dead link home office positions . cost plus . retrieved may 8 2014 . history . cost plus . retrieved may 8 2014 . may 11th conference call webcast at world market worldmarketcorp.com archived november 30 2010 at the wayback machine . hsu tiffany may 9 2012 . bed bath & beyond to buy cost plus for 495 million . los angeles times . craft by world market . cost plus world market . somerville heather february 20 2014 . world market to launch online boutique to sell handmade goods . san jose mercury news . external links edit san francisco bay area portal companies portal official website retrieved from https en.wikipedia.org w index.php title cost plus inc. & oldid 741674884 categories retail companies based in californiacompanies based in oakland californiaamerican companies established in 1958retail companies established in 19581958 establishments in californiahidden categories articles with wayback machine linksall articles with dead external linksarticles with dead external links from december 2015pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 29 september 2016 at 00 36 . text is available under the creative commons attribution sharealike license ; 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