January 30, 2015 3:51 PM ET

Multiline Retail

Company Overview of 99 Cents only Stores LLC

Company Overview

99 Cents only Stores LLC operates as a retailer of consumable and general merchandise, and seasonal products. Its stores offer an assortment of regularly available consumer goods, as well as a variety of first-quality closeout merchandise; and domestic and imported fresh produce, deli, dairy, and frozen and refrigerated food products. As of October 8, 2014, it operated 358 retail stores consisting of 256 stores in California, 48 in Texas, 35 in Arizona, and 19 in Nevada. The company was founded in 1965 and is based in City of Commerce, California.

4000 Union Pacific Avenue

City Of Commerce, CA 90023

United States

Founded in 1965

15,000 Employees

Phone:

323-980-8145

Fax:

323-980-8160

Key Executives for 99 Cents only Stores LLC

Chief Executive Officer
Age: 47
Chief Financial Officer
Age: 50
Senior Vice President of Logistics
Compensation as of Fiscal Year 2014.

99 Cents only Stores LLC Key Developments

99 Cents only Stores LLC Announces the Resignation of Michael Kvitko as Executive Vice President and Chief Merchandising Officer

Effective January 26, 2015, 99 Cents only Stores LLC announced that Michael Kvitko resigned as Executive Vice President and Chief Merchandising Officer of the company and all positions with its parent, Number Holdings Inc. and any of Parent's subsidiaries.

99¢ Only Stores and Number Holdings Inc. Announces Management Changes

Effective January 12, 2015, Christopher A. Laurence is stepping down from the position of Interim Chief Financial Officer, Treasurer and Secretary of each of 99 Cents Only Stores LLC and its parent, Number Holdings, Inc. but will remain with the corporation to help facilitate the transition and provide oversight to key strategic initiatives. Effective January 12, 2015, the board of directors of each of the company and parent, formally appointed Bradley Lukow as Chief Financial Officer, Treasurer and Secretary of the company and parent. Mr. Lukow joins 99¢ Only Stores following a 20-year career at Shoppers Drug Mart Corporation where he served most recently as Executive Vice President and Chief Financial Officer since 2009, having responsibility for all finance, strategy, real estate development, information technology and business development functions.

99 Cents Only Agrees to Pay Environmental Fine to Settle Lawsuit

99 Cents Only Stores has agreed to pay more than $2 million to settle a lawsuit filed by 30 jurisdictions in California involving allegedly improper storage, handling and disposal of hazardous and pharmaceutical waste products. According to the Los Angeles City Attorney office, 99 Cents Only agreed to pay $1.8 million in civil penalties, plus $312,500 in costs and $250,000 in supplemental environmental projects and to implement enhanced compliance efforts.

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