99 Cents Only Stores Closing All Locations After 40+ Years Due to Pandemic Woes and Shifting Retail Landscape

• 99 Cents Only Stores closing all 371 stores and winding down operations after over 40 years in business • Cites challenges like COVID-19 impact, shifting consumer demand, inflation, and rising inventory losses • Has stores in CA, AZ, NV, and TX, with about 14,000 employees • Faced liquidity issues and considered bankruptcy filing amid dollar store struggles • Leave large vacant retail spaces in prime locations across Los Angeles area