Is the era of the 99 Cents Only Stores truly coming to an end? The recent announcement of the company's liquidation and the impending closure of all its stores marks a significant shift in the landscape of discount retail, signaling a dramatic conclusion to a business model that once thrived on affordability and bargain hunting.
The iconic red and yellow logo, a familiar sight across California, Nevada, Arizona, and Texas, is now a symbol of a bygone era. The news, breaking on April 4, 2024, sent shockwaves through communities that had come to rely on the chain for everything from groceries to household goods, all at prices that seemed almost too good to be true.
Here's a summary of key events surrounding the 99 Cents Only Stores:
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| Event | Details |
|---|---|
| Bankruptcy Filing | The company filed for Chapter 11 bankruptcy protection last month. |
| Store Closures | All 371 stores are set to close, including locations in Richmond and Pinole, California. |
| Liquidation | Liquidation of merchandise and store items began on the announced date at all store locations. |
| Store Locations | Operated approximately 390 locations across California, Nevada, Arizona, and Texas. Notable locations mentioned include stores in Richmond (3600 Klose Way and 620 San Pablo Ave) and Dallas. |
| Product Offerings | Offered a wide range of products, including name-brand merchandise, fresh produce, deli items, dairy, and frozen and refrigerated food products. Initially, all products were priced at 99 cents or less. The base price was later raised. |
| Corporate Headquarters | Headquartered in Commerce, California. |
| Founding | Founded in 1982 by David Gold. |
| Asset Handling | Hilco Real Estate was tapped to handle the sale of the company's assets. |
| Logo Usage | A third party or person should never use the 99 cents only stores logo without written permission. |
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- Name : Harry Lynch
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