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This page was last edited on 11 February 2024, at 11:13 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
99 Cents Only Stores allowed returns of up to nine items within nine days of purchase and were typically open from 9 a.m. to 9 p.m., although individual stores could open at 8 a.m. or close at 10 p.m. The store mottos included: "Do the 99", "Low prices are born here, and raised elsewhere", featuring a picture of a baby chick. [23]
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Burger King added a value menu in 1998 with items priced at 99¢ (), [3] equivalent to $1.85 in 2023. In 2002 [4] and 2006, BK revamped its value menu, adding and removing products at 99¢, and later increasing some prices to $1.39. [5]
Bhattacharya, Holden, and Jacobsen (2011) examined the left-digit effect in stock market transactions. They found that there was excess buying at just-below prices ($1.99) versus round numbers ($2.00) right above them. This discrepancy in buy-sell can lead to significant changes in 24-hour returns that can meaningfully impact markets. [15]