99 Cents Only to Close All 371 Stores Amid Retail Struggles
- 99 Cents Only chain closing all 371 locations nationwide due to financial strains
- Company engaged in analysis of alternatives, but determined orderly wind-down was necessary
- Closures attributed to retail challenges like COVID-19, shifting consumer demand, inflation
- 99 Cents Only LLC operates stores in CA, TX, AZ, NV; founded in 1982
- Liquidation of merchandise and real estate to begin; no strict timeline given
