Wednesday, December 16, 2020

[UPDATE] Cost Plus World Market Closing in Smyrna

Cost Plus World Market will close its longstanding store in Smyrna at the end of the year. Located in Heritage Pavilion on Cobb Parkway, Cost Plus occupies a prized freestanding junior anchor space in the sprawling center.  The Cost Plus space measures 18,750 square feet, provides premium visibility from Cobb Parkway, and is close not only to Cumberland Mall but also Truist Park and I-75.  

Large signage indicates all merchandise is 30-60% off with "nothing held back," but in reality some things are as little as 20% off, and all alcohol was removed from the store in advance of the sale.  The store is due to close for the final time at the close of business on December 31.  Following the closure the Alameda, California-based retailer will continue to operate four stores in metro Atlanta including those in Buckhead, Dunwoody, Buford and Kennesaw.  

ToNeTo Atlanta reported December 16 that Bed Bath and Beyond, parent company of Cost Plus, had reached a deal to sell the home furnishings retailer to a private equity firm.  Terms of the deal were not disclosed but Bed Bath & Beyond paid $495 Million to purchase Cost Plus in 2012.  

Heritage Pavilion, previously owned by SITE Centers and today owned by Nuveen Real Estate, is home to several successful retailers including a combo HomeGoods/TJ Maxx store, Marshalls, Ulta Beauty, PetSmart, American Signature Furniture and Shoe Carnival, among others.  The Cost Plus space is not yet shown as vacant or available on the center's site plan, but is the only known vacancy in the development.  

There is an ever-dwindling list of retailers capable of backfilling a store the size of Cost Plus but we are confident there will be a replacement tenant(s) for the junior anchor box in the new year. 

Are you surprised to see Cost Plus World Market closing its Smyrna store?  What is your favorite home-goods retailer?  What would you like to see replace Cost Plus World Market in Smyrna?

Please share your thoughts below  

9 comments:

Anonymous said...

Been by there a couple times and opening at noon on a weekday is not how to keep customers. Not surprised they are closing. They already were really.

CloseOTP said...

I'll miss it. But I didn't shop there too often. Wonder if it's big enough for Lidl?

BK said...

I stopped by today. Mostly cleared out save for some random glassware and condiments/ odd food items and minimal decor items and lamps. They did have some wine and beer but signs that they were not discounted. Decent fixture prices though for the most part.

Kitster said...

I remember when that building housed a Computer City back in the 1990s.

Anonymous said...

Sad. I always enjoyed shopping at Cost Plus

Anonymous said...

you can buy the same crap on wayfair for the same price....this store front can't compete.

Alex said...

I used to really love this store and still have some nice furniture I purchased from them in the mid-2000s, but their quality noticeably dropped off starting around 10 years ago while prices continued to increase. Staff has always been friendly and helpful though.

Amy said...
This comment has been removed by the author.
Anonymous said...

A Lidl would be an awesome replacement

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