All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the “difficult” decision on such causes as “inflationary pressures.” The company will begin an orderly wind-down of its business operations and liquidate all merchandise before selling the real estate.
All 371 locations of the 99 Cents Only stores are shutting down, with company executives blaming the “difficult” decision on such causes as “inflationary pressures.”said an “orderly wind-down of its business operations” is starting after entering a plea agreement with Hilco Global “to, among other things, liquidate all merchandise owned by the Company and dispose of certain fixtures, furnishings, and equipment at the Company’s stores.
” The hundreds of stores will begin selling all of their remaining items and equipment before the real estate itself is sold by Hilco Real Estate.CEO Mike Simoncic also announced he will step dow
99 Cents Only Closure Inflationary Pressures Wind-Down Liquidation Real Estate CEO
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