Stay updated with breaking news from Mike Simoncic. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
99 Cents Only Stores announced in April it would close all 371 locations. Dollar Tree plans to reopen some of them with its own products by the fall.
The bids and the undisclosed terms are subject to court approval.
Help in the form of job placements and skills training could be coming for those former 99 Cents Only Store workers.
Dollar Tree aims to acquire 93 former 99 Cents Only stores in California, amid broader industry challenges and closures.
Scores of much-loved businesses, from Red Lobster to Rite Aid, have filed for Chapter 11 bankruptcy protection and have closed sites across the country.