Cost Plus, Inc. Announces Reporting Date for Third Quarter 2008 Financial Results and Investor Conference Call

Oakland, CA — November 5, 2008 — Cost Plus, Inc. (Nasdaq: CPWM) announced today that it will release its third quarter results for fiscal 2008 on Thursday, November 20, 2008, after the market close, and will host a conference call for investors at 1:30 p.m. PT that day. Participating in the call will be Barry Feld, President and Chief Executive Officer, and Jane Baughman, Chief Financial Officer.

The conference call will be in a “listen-only” mode for all participants other than the sell-side and buy-side investment professionals who regularly follow the Company. The toll-free phone number for the call is 800-291-5365 and the access code is 60755901. Callers should dial in approximately 15 minutes prior to the scheduled start time. A telephonic replay will be available at 888-286-8010, Access Code: 42198747, from 3:30 p.m. PT Thursday, November 20, 2008 to 3:30 p.m. PT on Thursday, November 27, 2008. Investors may also access the live call or the replay over the internet at www.streetevents.com; www.fulldisclosure.com and www.worldmarket.com.

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of today, November 5, the Company operates 296 stores in 33 states.

Contact:
Jane Baughman
Cost Plus, Inc.
(510) 808-9119