Cost Plus, Inc. Announces the Hiring of Senior Vice President of Marketing and Advertising

Oakland, CA — February 9, 2006 — Cost Plus, Inc. (Nasdaq:CPWM) announced the hiring of Frank Castiglione as Senior Vice President of Marketing and Advertising.

Frank has spent the last ten years as a senior marketing executive with the Target Corporation and most recently served as the Senior Vice President of Marketing for the Marshall Fields brand.

Barry Feld, President and CEO commented: “We are pleased to have found someone with Frank’s background and expertise to lead our marketing and advertising initiatives and our newly launched e-commerce website. Frank brings a wealth of experience in the long term building of value oriented retail brands.”

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of February 9, 2006, the Company operated 266 stores in 34 states.

Contact:
Barry Feld
(510) 893-7300