Cost Plus World Market Expands Novica Offering to Nearly 200 of the Company’s Nationwide Stores
National Retailer Expands Company’s Unique and Affordable Offerings
Oakland, CA — May 16 — Cost Plus World Market (NASDAQ: CPWM), a leading retailer of casual home living and entertaining products, today announced that the company will expand the exclusive collection of merchandise from Novica, a National Geographic associated company and internet retailer that sells products handmade by master artisans from around the globe. Cost Plus World Market will feature these Novica branded items in nearly 200 stores around the United States starting immediately.
“World Market customers have always come to expect unique offerings from around the world in our stores,” said Barry Feld, CEO and President of Cost Plus World Market. “We are delighted to offer an expanded set of unique and authentic Novica products to our customers.”
Cost Plus World Market and Novica’s relationship started in November of 2006, helping increase exposure for master artisans worldwide, bringing their stories, and handmade treasures directly to market. As a result, Cost Plus World Market now features a more dynamic set of products from South and Central America.
“Cost Plus World Market is playing an important role in our mission to aid artisans and preserve traditional skills and cultures worldwide,” said Roberto Milk, CEO and Co-Founder of Novica. “This expansion into nearly 200 stores is an exciting opportunity for Novica and for our many participating artisans around the world.”
About Novica
Novica, in association with National Geographic, offers more than 20,000 limited edition and one-of-a-kind gifts, jewelry, and home decor treasures handmade by master artists and artisans in Asia, Africa, and Latin America. Unlike traditional retail channels, Novica works directly with artists and artisans through its seven international sourcing and shipping offices. Novica was founded in 1999 with the mission of aiding artisans and preserving ancient craft traditions. Novica is headquartered in Los Angeles.
About Cost Plus World Market
Cost Plus World Market operates 294 stores in 34 states under the names “World Market” and “Cost Plus World Market.” The stores feature an ever-changing selection of casual home furnishings, housewares, gifts, jewelry, decorative accessories, over 500 international wines, gourmet foods and beverages offered at affordable prices and are imported from more than 50 countries. Many items are unique and exclusive to Cost Plus World Market. All are regularly supplied by an international network of individual and regional artisans developed over the Company’s nearly 50 years in the import business. The majority of the store’s furniture is constructed of environmentally friendly, farm raised wood while a number of items are made out of recycled glass and yet countless items are constructed of environmentally friendly bamboo. The value, breadth and continual refreshment of products invite customers to come back throughout a lifetime of changing home furnishings and entertaining needs.
Contact:
Cost Plus, Inc.
Jill Osaka
(510) 808-9319
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