99 Cents Only Stores Announces Plans to Wind Down Operations
A 99 Cents Only store in San Bernardino, California, in 2013.
Photographer: Patrick T. Fallon/Bloomberg
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Discount retailer 99 Cents Only Stores LLC announced plans to wind down its business operations in a press release on Thursday.
The firm has struck an agreement with Hilco Global to liquidate merchandise and dispose of certain fixtures, furnishings and equipment at all 371 of its stores, starting on April 5, according to the release. Hilco Real Estate is managing the sale of the firm’s real estate assets, both owned and leased, in Arizona, California, Nevada and Texas, reads the release.