99 Cents Only Stores to close all locations

NBC Los Angeles ^ | April 4, 2024 | City News Service

[chrisinoc]

Welcome to Brandon's America.

[E. Pluribus Unum]

That’s too bad.

Dollar Tree is Dollar Twenty Five Tree now.

They could have tried 125 Cents.

[Openurmind]

They priced themselves out of business, Walmart was cheaper for most things needed everyday.

[BenLurkin]

Covid didnt crush the economy. Government crushed the economy.

[Mark]

500 cents stores coming soon!

[Leaning Right]

> rising levels of shrink <

In other words, shoplifting.

[No name given]

That’s right, it was all part of the plan to turn America into a Marxist banana 🍌 republic.

[E. Pluribus Unum]

> rising levels of shrink <

And now they have a 99 Cent Only desert.

[Theoria]

Ebb and flow, some people do well, others not. There still is tons of suckers and money out there. No recession, yet.

[Newtoidaho]

“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?”

[NWFree]

99 Cents Only - sounds like a dead rapper

[SaveFerris]

(rising levels of shrink)

Constant theft by perpetually-entitled lowlife folks

[FreedomPoster]

That’s what jumped out at me as well.

[Dr. Sivana]

They were like Dollar Tree with produce. We will miss them. They are a big deal in Phoenix.

[Zhang Fei]

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.

[Kevin in California]

I’m certain Bidenomics had nothing to do with the closure of these stores... absolutely nothing...sarc.....

[who_would_fardels_bear]

Warren Buffet says private equity is a scam. So many stories of struggling chains going Chapter 11 soon after going private due to high debt repayment. Only the suits and lawyers make out in the deals.

[crusty old prospector]

Of course it is. You are playing poker with someone else’s chips.

[oldtech]

All the words they used to explain the closing of MANY stores could have been summed up in one word & I think most folks know what word that is.

[Tellurian]

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.