Posted 4/10/2024, 9:37:18 PM
Pic 'N' Save CEO Aims to Refresh 99 Cents Stores, Acquiring 143 SoCal Locations as Chain Shuts Down
- Pic 'N' Save CEO Mark Miller leading investors to acquire 99 Cents Only Stores' 143 Southern California locations
- Miller wants to refresh 99 Cents Stores brand with more branded goods at great prices
- 99 Cents Only closing all 371 stores nationwide due to challenges like COVID-19, inflation, theft
- Retail apocalypse seeing rampant store closures from chains like Walmart, Best Buy, Dollar Tree
- Dollar stores especially affected by inflation given already-tight margins, rising prices
