Cost Plus loss widens in Q2

Oakland, Calif. -- Cost Plus reported Friday that its loss widened in the second quarter to $8 million, from $7 million in the year-ago period.



Sales for the quarter rose 3.2% to $197.9 million, and same-store sales increased 2.8%.



The retailer of home living and entertainment products closed five stores in the first six months of fiscal 2011, and said it expects to relocate one store in the third quarter of fiscal 2011.