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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 ...
The 99 Cents Only Stores discount chain has announced plans to wind down its business operations. All 371 stores will be closed in Arizona, California, Nevada, and Texas, the states where it operates.
Most recent figures show that around 4,600 stores closed across the US last year, an 80 per cent increase from 2022 in what some experts have termed a ‘retail apocalypse’.
The shuttering of 99 Cents Only Stores comes after fellow discount retailer Dollar Tree last month said it was closing 1,000 stores. 99 Cents Only Stores was founded in 1982 by Dave Gold, who opened its first store in Los Angeles at the age of 50, according to his 2013 obituary in the Los Angeles Times. Gold, who had been working at a liquor ...
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
Founded in 1982, the Commerce City-based company operated stores in California, Texas, Arizona and Nevada. 99 Cents Only is closing all 371 of its stores, including the location at the Vons ...
Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. The closures, to be completed by April, are a small fraction of the chain ...
Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.