Cost Plus World Market will open its first small-scale home store in New York.
Known for its assortment of home goods, jewelry, accessories, and global food and wine, the Chelsea location will focus solely on living, dining and bedroom furniture; lighting; an expanded rug department; and small decor pieces.
The 5,000 sq. ft. space will highlight the store's offerings through lifestyle vignettes. Customers will also have the opportunity to see select, online-only offerings in person, including custom upholstery furniture with fabric swatch samples that shoppers can take to view in their homes.
"We're excited to be opening our first store in Manhattan this month. The store is a great way to introduce the Cost Plus World Market brand to New York customers, who may not be familiar with our assortment of unique and affordable home furnishings," said Barry Feld, CEO of Cost Plus World Market. "We have no doubt that once a customer discovers us, they'll become a frequent and loyal customer."
Cost Plus World Market joins the growing list of retailers designing urban concept stores, which offer a smaller format combined with specific products for city dwellers.
For example, Orchard Supply Hardware just opened a small-format store in San Francisco to cater to those living alone in a city. Supermarket chain Raley's is looking to open farmer's market-style shops for pedestrian shoppers in downtown Sacramento. Other retailers with urban-focused concepts include Target (NYSE:TGT), Shoe Carnival and Walmart (NYSE:WMT).
-See this Cost Plus World Market press release
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