99 Cents Only to Close All 371 Stores Amid Pandemic Struggles
- 99 Cents Only announcing plans to close down all 371 stores across 4 states
- Company citing financial struggles due to pandemic, inflation, and changing consumer demand
- Popular discount retailer known for wide variety of extremely low-priced goods
- Founded in 1982 in Los Angeles, pioneered single-price point retail concept
- Liquidation sales to begin April 5 as stores wind down operations
