Newsweek: 99 cents store to close all 371 stores (14,000 jobs)

Economy
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From Newsweek:

Price-point retailer chain 99 Cents Only announced on Thursday that it was planning to close down all its 371 stores across four states and would start liquidation sales on Friday.

The decision to permanently shut down its locations, the company’s interim CEO Mike Simoncic said on Thursday, was “an extremely difficult” one and “not the outcome we expected or hoped to achieve.”

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Dollar General’s new snack. :wink:

2 Likes
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  • They’ve got a theft problem.
  • They’ve got post-pandemic inflation of 20% in everything except wages,
  • and retail sales are down
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1 Like
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The theft problems probably sealed the decision to close.

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that not much of a downward trend, considering the significant rise in previous years.

Allan

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Bidenomics! Bidenomics! Bidenomics!