Posted 4/7/2024, 8:09:20 PM
Pic 'N' Save CEO Eyes Acquisition of SoCal 99 Cents Only Stores Facing Closure
- Pic 'N' Save CEO Mark J. Miller is trying to acquire 99 Cents Only stores in Southern California after the chain announced plans to close all locations
- Miller has assembled a group of investors, including former 99 Cents executives, to buy the SoCal stores and keep them operating
- The parking lots and checkout lines at 99 Cents Only stores are full as shoppers flock to stock up before permanent closure
- Elected officials are looking into providing support for displaced workers who will lose their jobs when stores close
- Miller hopes to get back to the chain's basics with a renewed focus on great bargains and branded goods at bargain prices