Retailer 99 Cents Is Mulling a Potential Bankruptcy Filing
- The discounter is also considering a possible liquidation
- Stalled asset-sale process puts fresh pressure on the firm
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99 Cents Only Store LLC is considering a bankruptcy filing as the discount retailer faces a liquidity shortfall, according to people familiar with the situation.
The more-than-370-store company is also weighing potential liquidation since a sales process for some of its assets has stalled, said the people, who asked not to be identified discussing a private matter. Discussions are ongoing, multiple options including an out-of-court agreement are being considered and stores remain open, they added.