Published 25 days ago

99 Cents Only stores are closing down across US

Price-Point retailer chain 99 Cents Only announced the closure of all its 371 stores due to financial challenges. Liquidation sales start on Friday.
The company has partnered with Hilco Real Estate for merchandise liquidation, and Chris Wells will now serve as chief restructuring officer.
Efforts to pursue alternatives were unsuccessful, leading to the decision for an orderly wind-down to maximize asset value, impacting dedicated employees and communities.

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The Guardian

99 Cents Only discount chain to close all US stores

Company’s interim CEO says economic pressures have ‘greatly hindered the company’s ability to operate’

25 days ago·London, United Kingdom

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The Independent

99 Cents Only Stores

The discount retail chain becomes the latest to announce store closures in the US

25 days ago·London, United Kingdom

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USA Today

99 Cents Only Stores to close all 371 spots in 'extremely difficult decision,' CEO says

The retail chain, once known for its below $1 prices, announced the closure of all 371 locations on Thursday. It's unclear how many people are losing their jobs.

25 days ago·United States

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abc News

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

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

24 days ago·United States

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CNN

99 Cents Only Stores is winding down its business operations

99 Cents Only Stores — a discount chain in California, Texas, Arizona and Nevada — is winding down its business operations, according to a press release from the company on Thursday.

25 days ago·Atlanta, United States

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KRDO

99 Cents Only Stores is winding down its business operations

By Ramishah Maruf, CNN New York (CNN) — 99 Cents Only Stores — a discount chain in California, Texas, Arizona and Nevada — is winding down its business operations, according to a press release from the company on Thursday. Like many retailers emerging out of the pandemic, the West Coast chain has struggled with rising costs and shrink — which is higher merchandise losses from customer errors, damage, internal losses and shoplifting. “This was an…

25 days ago·Colorado Springs, United States

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