Page 22 - Only Stores News Today

A discount retailer is closing its doors.

The Commerce-based operators of 99 Cents Only stores announced today they will shutter all 371 of its locations, with liquidation sales set to begin Friday.

99 Cents Only Stores announced on Thursday it plans to begin an orderly wind-down of operations.

California-based 99 Cents Only Stores said Friday it will close all 371 of its outlets, ending the chain's 42-year run of selling an assortment of bargain-basement merchandise. The company has stores across California, Arizona, Nevada and Texas that will begin will selling off their merchandise, as well as fixtures, furnishings and equipment. Interim CEO Mike Simoncic said in a statement that the retailer has struggled for years as a result of the COVID-19 pandemic, changes in consumer de...

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday

The discount chain is winding down operations at its stores across California, Texas, Arizona and Nevada, as dollar stores nationwide buckle under inflation, shoplifting and other factors.

It's the end of an era: the 99 Cents Only stores are closing down for good.

The store says it worked with financial and legal experts to avoid such a closure, but determined a 'wind-down' was its only feasible option.

The discount chain is winding down operations at its stores across California, Texas, Arizona and Nevada, as dollar stores nationwide buckle under inflation, shoplifting and other factors.

Councilman Tim McOsker aims to provide workers with a range of resources, including assistance with unemployment insurance benefits and help finding a new job.