Patrons who frequent the 99 Cents Only Stores and depend on the retailer’s discounted groceries and merchandise are expressing concern afterLiquidation sales began Friday and while customers take advantage of the lowered prices, some patrons are worried where they’ll be able to find affordable goods now. “This needs to stay, that’s how I would define it,” Rosalyn Reid said of the retailer’s location in Panorama City.
Families whose budgets have been stretched thin by inflation describe dollar stores as a lifeline. Those most impacted by the impending closure said the bargain retailer’s shutdown will truly be a loss.“It fulfills a definite need for people who cannot afford to go spend those ridiculous prices at the grocery store,” Reid said. It’s not just customers who are feeling shell-shocked; the retailer’s 14,000+ employees are also feeling the pinc
99 Cents Only Stores Liquidation Sales Discounted Groceries Merchandise Concern Affordable Goods Closure Inflation Dollar Stores Lifeline Loss Customers Employees
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
99 Cents Only Stores to Close All 371 Stores99 Cents Only Stores announced plans to wind down operations and liquidate merchandise. Hilco Global will handle the liquidation process, while Hilco Real Estate will manage the sale of the company's real estate assets. Chris Wells has been appointed as Chief Restructuring Officer.
Source: News4SA - 🏆 251. / 63 Read more »
99 Cents Only stores closing down for goodThe 99 Cents Only stores are going through a "wind-down" of business operations, resulting in the closure of all 371 store locations. The decision was made due to significant challenges in the retail environment, including the impact of the COVID-19 pandemic and shifting consumer demand.
Source: FOXLA - 🏆 445. / 53 Read more »
99 Cents Only Stores is winding down its business operations99 Cents Only Stores - a discount chain in California, Texas, Arizona and Nevada - is winding down its business operations, according to a press release from the company.
Source: ABC7 - 🏆 67. / 68 Read more »
99 Cents Only to close all 371 of its storesThe retailer will begin liquidating merchandise at its stores beginning April 5.
Source: ladailynews - 🏆 332. / 59 Read more »
99 Cents Only stores closing all 371 locations, liquidation sales starting FridayThe operators of the 99 Cents Only stores announced Thursday they will shut down all 371 of the locations throughout four states, with liquidation sales starting Friday.
Source: CBSLA - 🏆 552. / 51 Read more »
99 Cents Only Stores to Close All LocationsThe Commerce-based operators of 99 Cents Only stores announced today they will shutter all 371 of its locations, with liquidation sales set to begin Friday.
Source: NBCLA - 🏆 319. / 59 Read more »