99 Cents Only Stores Closing All Locations Due to COVID-19 Impacts and Changing Consumer Demand
- All 371 99 Cents Only Stores locations set to close as company winds down operations
- Company entered agreement with Hilco Global to liquidate merchandise and dispose of fixtures
- Liquidation sales at stores expected to begin Friday
- CEO cites COVID-19, shifting consumer demand, inflationary pressures as factors
- Company pursued alternatives for months before deciding on closure
