June 14, 2024

Solid State Lighting Design

Find latest world news and headlines today based on politics, crime, entertainment, sports, lifestyle, technology and many more

Just 99 cents to close all 371 stores

Just 99 cents to close all 371 stores

Shop for only 99 cents in San Clemente. (Archive photo/SCNG)

Written by Alicia Clanton | Bloomberg

Discount retailer 99 Cents Only Stores LLC announced plans to scale back its business operations in a press release on Thursday.

The company has entered into an agreement with Hilco Global to divest merchandise and dispose of certain fixtures, furnishings and equipment at all of its 371 stores, effective April 5, according to the release. Hilco Real Estate is managing the sale of the company's real estate assets, both owned and leased, in Arizona, California, Nevada and Texas, the release said.

See also  Best of CES 2023: A color-changing BMW and a boba tea robot