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99 Cents Only store in Ontario, California with The 99 Store branding. In October 2011, the company agreed to a $1.6-billion buy-out by private equity firm Ares Management and the CPP Investment Board. [14] The deal was completed on January 13, 2012. The new owners decided to lay off over 172 employees in October 2013. [15]
The total cost of purchased items is then rounded up or down to, for example, the nearest 0.05. This may have an effect on future just-below pricing, especially at small retail outlets where single-item purchases are more common, encouraging vendors to price with .98 and .99 endings, which are rounded up when .05 is the smallest denomination ...
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