That’s too bad.
Dollar Tree is Dollar Twenty Five Tree now.
They could have tried 125 Cents.
They priced themselves out of business, Walmart was cheaper for most things needed everyday.
500 cents stores coming soon!
> rising levels of shrink <
In other words, shoplifting.
“Best economy ever jack, no joke! Ya don’t believe me, let’s go out behind a gym so I can teach ya somethin. What, ya wanna do a push-up contest?”
99 Cents Only - sounds like a dead rapper
(rising levels of shrink)
Constant theft by perpetually-entitled lowlife folks
They were like Dollar Tree with produce. We will miss them. They are a big deal in Phoenix.
I made a few bucks off this stock back when it was publicly traded, thanks to it being taken private. My guess is the private equity firm that bought it took on too much debt so as to goose returns. A sad end to a 40-year-old company. It would likely have survived as a public company without the additional debt. Big Lots is similarly cash strapped thanks to management feathering its own nest by doing large debt-fueled stock buybacks. The interest expense is now throttling the company’s margins.
I’m certain Bidenomics had nothing to do with the closure of these stores... absolutely nothing...sarc.....
That’s a shame. I shopped at a 99¢ store in Tustin last month when I needed a few things while on vacation. I found everything I needed for half the cost I expected. Variety was surprising and quality was decent. I don’t find that to be the case at some of the other “dollar” stores.
Unfortunate timing, as many people need super cheap shopping outlets to make ends meet. Thanks Joe.
History repeating.
During the Kenyan’s reign, Dollar stores shut down in droves.
Obamanomics 2.0
“rising levels of shrink”
Translation - out of control shoplifting.
“Welcome to Brandon’s America.”
I just call it the continuation of the Obamanation. Same economic destruction, same deliberate tearing down of America.
Are they going to reopen as the $3.99 store?
Lot’s of reasons, but mostly “rising levels of shrink”.
Yeah, the urban biznessmen stock their warehouse with goods from the 99 cent store shelf, and that inventory is re-sold on the street.
They must of had big probs long before COVID. I stopped going there cause their prices started going up...it was no longer a 99 cent store. I was buying pet food cheaper at Walmart. Was at 99 cent store the other day because of a special rush need. Found a 3 ft square mirror and frame for $19.99. Some dollar store.