Wednesday, April 7, 2010 as of 11:14 AM ET
Bed Bath & Beyond Inc. () is a chain of domestic merchandise retail stores across United States, Puerto Rico and Canada.
Read More at Wikipedia ›Cost Plus Inc.
(CPWM) posted a slight loss in its fiscal first quarter, though core results topped expectations as the retailer's customers continued to spend more per visit.Cost Plus operates stores that sell a mix of home furnishings, accessories and gourmet food and wine at discount prices. Its fortunes have improved since its near-extinction during the depths of the financial crisis, when its shares were trading for less than $1 during parts of 2009.Improving results prompted Bed Bath & Beyond Inc. (BBBY) to make a cash tender for Cost Plus valued at about $550 million.Cost Plus has posted improving same-store sales in more recent quarters, and earnings surged during the latest holiday season.For the less-busy quarter ended April 28, Cost Plus reported a loss of about $74,000--essentially breakeven on a per-share basis, compared with a year-earlier loss of $3.4 million, or 15 cents a share. Earnings from continuing operations reached a penny a share, up from a loss of 14 cents a sh...
FBN's Lori Rothman breaks down late-morning market news.
Bed Bath & Beyond (NASDAQ:BBBY) agreed to acquire home furnishing chain Cost Plus (NASDAQ:CPWM) for about $495 million to expand its presence in California.The home-...
Home-goods retailer Bed Bath & Beyond Inc said it will buy Oakland, California-based home furnishing chain Cost Plus Inc for nearly $495 million.The $22-per-share ac...
Macy's Inc. shares fell about 5% on Wednesday after the company kept its full-year outlook, which missed analysts' expectations. The company reported a better-than-e...
Home-furnishings chain Bed, Bath & Beyond Inc. said Wednesday that it will acquire Cost Plus Inc. for $22 a share. That marked a 22% premium over Cost Plus's closing...
Michael Mandel and Daniel Morris explain if the economy is out of a saving slump
Bookstore operator Barnes & Noble Inc. , which sells the Nook e-readers and e-books, fell 3.2% on Thursday after the Justice Department reportedly filed suit against...
During trading today, the Services sector ( IYC ) showed little change while the S&P 500 fell 0.1%.The ETF, as a proxy for the sector, tracked farther from the overa...
Pier 1 Imports Inc. (PIR), which reported pretax profit jumped 37% in the fiscal fourth quarter, refreshed its growth plans with a new three-year roadmap, having out...
These are the stocks that are up on above-average volume today:Trading with a volume of 5.9 million, or 2.4 times its average daily volume, Bed Bath & Beyond (NASDAQ...
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From new towels to an entire remodel, consumers who had put home decorating and improvements on the backburner during the recession are starting to ramp up their spe...
The U.S. Consumer Product Safety Commission and five retailers on Wednesday announced a recall of crib tents and play yard tents made by Tots in Mind after the produ...
The U.S. Consumer Product Safety Commission said five retailers will voluntarily recall crib tents and play yard tents made by Tots in Mind Inc. due to strangulation...
Facebook—you could have thought of that, right? What about something simpler like the Snuggie? Who hasn't seen a product or an idea and kicked themselves for not act...
How stay-at-home mom, Debbie Greenspan, developed the first eco-friendly antimicrobial doormat
FBN’s Nicole Petallides on J.P. Morgan shares falling on news of the bank’s losses.
These are the stocks that are up on above-average volume today:AT&T (NYSE:T) was up on high volume today, after trading at a volume of 41.9 million, or 1.7 times its...
Nordstrom Inc. fell 3.6% on Friday after the upscale department store operator, long a sector outperformer, reported a disappointing first-quarter result as it incre...
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