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Cost Plus to release organic beer

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Shares of Cost Plus Inc. (Nasdaq:CPWM) are flat following news before the start of trading that the specialty retailer of casual home living and entertaining products has partnered with Golden West Brewing Company Inc. to launch a new organic beer. The all-malt beer will be released in March.

Some of Oakland, Calif.-based Cost Plus’s 299 stores sell food and beverages.

At 2:55 p.m. ET, the stock had climbed $0.08, or 2%, to $3.56. For detailed price information and recent news stories about Cost Plus, click CPWM.