Posted 4/5/2024, 9:13:45 PM
99 Cents Only Stores to Close All Locations, Impacting 17,000 Employees
- California retail chain 99 Cents Only Stores closing all 371 stores across 4 states
- Cites pandemic impacts, shifting consumer demand, rising shrink, persistent inflation, and other economic headwinds
- Will liquidate all merchandise and assets through agreement with Hilco Global
- Once a top extreme value retailer in Western U.S., sold inexpensive household and other products
- Could impact approximately 17,000 employees expected to lose jobs
