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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’.
SAN FRANCISCO (AP) — 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 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 ...
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 ...
Products are locked in security cabinets at a Walgreens store that is set to be closed in the coming weeks on October 13, 2021 in San Francisco, California.
Target says it is closing nine stores in October due to theft and organized retail crime, a statement read. ... California and New York, will close on Oct. 21. ... (Chris Hondros / Getty Images)
A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial ...