Conference Calls / Webcasts

March 8, 2010 - Cost Plus, Inc. Q4 2009 and FY 2009 Financial Results and Investor Conference Call

Oakland, CA — March 8, 2010 — Cost Plus, Inc. (Nasdaq: CPWM) announced today that it will release its fourth quarter and fiscal year 2009 financial results on Thursday, March 25, 2010, 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, Executive Vice President and 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 800-299-7635 and the access code is 54624530. 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: 33339937, from 4:30 p.m. PT Thursday, March 25, 2010 to 4:30 p.m. PT on Thursday, April 1, 2010. 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, March 8, 2010, the Company operates 268 stores in 30 states.

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

January 6, 2010 - Cost Plus, Inc. Reports Holiday Sales, Webcast for the Cowen & Co. 8th Annual Consumer Conference

Oakland, CA — January 6, 2010 — Cost Plus, Inc. (Nasdaq: CPWM) announced today its sales results for the nine-week holiday period. Net sales for the nine-week period ended January 2, 2010 were $261.1 million compared to $266.0 million for the comparable nine-week period in fiscal 2008. Same store sales for the nine-week holiday period increased 0.3% compared to a 6.6% decrease for the nine-week period last year. The increase in same store sales was attributable to a 4.8% increase in customer count partially offset by a 4.3% reduction in the average ticket per customer.

Net sales for the four-week fiscal month of November 2009 were $91.0 million compared to $88.5 million for the same period last year. Same store sales for the fiscal month of November 2009 increased 4.9% compared to a 10.8% decrease for the same period last year. Net sales for the five-week fiscal month of December 2009 were $170.1 million compared to $177.5 million for the same period last year. Same store sales for the fiscal month of December 2009 decreased 2.0% compared to a 4.3% decrease for the same period last year. Customer count increased 10.8% in November and 1.9% in December compared to last year, and average ticket decreased 5.4% in November and 3.9% in December compared to last year.

President and Chief Executive Officer Barry Feld commented, “While I am disappointed that the traffic increases in December were not enough to overcome the lower ticket and deliver a positive comp for the month, I am pleased with the continuing improvement in our traffic levels which resulted in a positive 0.3% comp for the nine-week holiday season. We achieved a 91% sell-through of our holiday merchandise at the end of December with higher margins than last year. Our inventory is clean and we are well positioned to enter the new fiscal year with fresh value-priced merchandise.”

At the end of fiscal December 2009, the Company had $36.7 million in borrowings and $12.0 million in letters of credit outstanding under its asset-based credit facility compared to $37.3 million in borrowings and $13.9 million in letters credit at the end of the same period last year.

Mr. Feld further commented, “Our solid holiday sales performance enabled us to substantially pay down our credit line leaving sufficient capacity under the $200 million asset-based credit facility to meet working capital needs for the upcoming fiscal year. Additionally, we expect to receive a tax refund of approximately $13 million in the first quarter of 2010, further improving our liquidity position.”

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of January 6, 2010, the Company operates 269 stores in 30 states.

The Company will be presenting at the Cowen and Company 8th Annual Consumer Conference. The presentation is scheduled for Monday, January 11, 2010 at 8:30 AM Eastern Time in New York, NY. The audio portion of the presentation will be webcast live at www.corporate-ir.net/ireye/conflobby.zhtml?ticker=CPWM&item_id=2623987.

This press release contains “forward-looking statements” relating to the adequacy of our credit line to meet our fiscal 2010 working capital needs and our anticipated tax refund. These statements are based on current expectations and are subject to various risks and uncertainties, which could cause actual results to differ materially from those forecasted. The risks and uncertainties include, but are not limited to: continued deterioration in economic conditions that affect consumer spending; changes in the competitive environment; currency fluctuations; timely introduction and customer acceptance of merchandising offerings; foreign and domestic labor market fluctuations; complications or delays in the store opening and closing processes; interruptions in the flow of merchandise; changes in the cost of goods and services purchased including fuel, transportation and insurance; a material unfavorable outcome with respect to litigation, claims and assessments; unseasonable weather; the effects associated with terrorist acts; and changes in accounting rules and regulations. Please refer to documents on file with the Securities and Exchange Commission for a more detailed discussion of the Company’s risk factors. The Company does not undertake any obligation to update its forward-looking statements.

Contact:
Jane Baughman
(510) 808-9119

November 5, 2009 - Cost Plus, Inc. Q3 Earnings Conference Call

Cost Plus, Inc. (Nasdaq: CPWM) announced today that it will release its third quarter results for fiscal 2009 on Thursday, December 3, 2009, 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 800-259-0251 and the access code is 37929929. 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: 68766918, from 4:30 p.m. PT Thursday, December 3, 2009 to 4:30 p.m. PT on Thursday, December 10, 2009. 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 270 stores in 30 states.

Contact:
Jane Baughman
(510) 808-9119
Download the Windows Media Player or Real Player plug-in in order to listen to the webcast.

August 17, 2009 - Cost Plus, Inc. Q2 Earnings Conference Call

Cost Plus, Inc. (Nasdaq: CPWM) announced today that it will release its second quarter results for fiscal 2009 on Thursday, August 27, 2009, 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 866-356-3095 and the access code is 30550904. 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: 31156788, from 4:30 p.m. PT Thursday, August 27, 2009 to 4:30 p.m. PT on Thursday, September 3, 2009. 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, August 17, the Company operates 269 stores in 30 states.

Contact:
Jane Baughman
(510) 808-9119
Download the Windows Media Player or Real Player plug-in in order to listen to the webcast.

May 21, 2009 - Cost Plus, Inc. Q1 Earnings Conference Call

Cost Plus, Inc. (Nasdaq: CPWM) announced today that it will release its first quarter results for fiscal 2009 on Thursday, May 21, 2009, 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 800-510-9834 and the access code is 67081801. 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: 69497029, from 4:30 p.m. PT Thursday, May 21, 2009 to 4:30 p.m. PT on Thursday, May 28, 2009. Investors may also access the live call or the replay over the internet at www.streetevents.com; www.fulldisclosure.com and www.fulldisclosure.com.

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of today, May 11, the Company operates 270 stores in 30 states.

Contact:
Jane Baughman
(510) 808-9119
Download the Windows Media Player or Real Player plug-in in order to listen to the webcast.

March 19, 2009 - Cost Plus, Inc. Q4 Earnings Conference Call

Forward-Looking Statements

Certain forward-looking statements regarding the Company’s future performance and initiatives will be made during this conference call and will usually be preceded by words such as “believes”, “anticipates”, “intends”, “plans” and “expects”. Any such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Examples of such risk factors include, but are not limited to, the following: changes in economic conditions that affect consumer spending; international conflicts; changes in the competitive environment; foreign and domestic labor market fluctuations; interruptions in the flow of merchandise; increases in fuel and transportation costs; unseasonable weather; a material unfavorable outcome with respect to litigation, store construction delays; further terrorist acts or our nation’s response thereto; and changes in accounting rules and other regulations. A more complete listing of risk factors is included in Company documents on file with the Securities and Exchange Commission.