Furniture Drags Home at Cost Plus

摘要

Hampered by a slow furniture business, the home segment dipped 100 basis points as a percentage of total sales at Cost Plus Inc. stores during the first quarter.rnFor the period, the mix between home and consumables as a percentage of total net sales was 62% and 38%, respectively, versus 63% and 37% during 2008's first quarter.rn"Furniture accounts for the 100 basis point decrease in the home sales mix, as consumers are still hesitant to spend money on larger-ticket items," said Jane Baughman, cfo.rnEven so, the 270-unit home furnishings chain in 30 states is adding summer seasonal outdoor living items, anchored by furniture, to its assortment in the second quarter.