99 Cents Only Stores to Close 371 Locations, Shoppers Stock Up and Blame Newsom Policies
-
California shoppers flooded 99 Cents Only Stores to stock up on affordable items ahead of the company's planned closure of 371 stores across 4 states.
-
Shoppers blamed CA governor Gavin Newsom and his minimum wage policies as well as rising prices for forcing the closures.
-
The company said "shifting consumer demand, rising levels of shrink, persistent inflationary pressures" made it difficult to operate.
-
The closures will impact 14,000 employees.
-
There is no clear timeline yet for the closures, but some stores will begin winding down operations as early as April 5th.