All 371 99 Cents Only stores to close, liquidation sales beginning Friday

The popular discount store chain, 99 Cents Only, is closing all 371 of its locations across California, Arizona, Nevada, and Texas. The decision comes after facing numerous challenges in the retail environment, including the impact of the COVID-19 pandemic, shifting consumer demand, and inflationary pressures. The company’s interim CEO, Mike Simoncic, expressed his disappointment in having to make this difficult decision.

The closure will affect not only the dedicated employees but also the loyal customers, partners, and communities that have supported the stores for decades. The company has partnered with Hilco Real Estate to facilitate the liquidation of merchandise and other assets at the stores.

Despite efforts to find alternatives to continue operating, the company ultimately decided that an orderly wind-down was the best course of action to maximize the value of its assets. The 99 Cents Only stores, founded in 1982, have been a staple for budget-conscious shoppers looking for affordable everyday items.

The news of the store closures has left many customers saddened, as they will no longer have access to the unique shopping experience that 99 Cents Only provided. The liquidation sales are set to begin on Friday, offering customers one last chance to snag a deal before the stores shut their doors for good.