"99 Cents Only Stores Shutting Down All US Locations Due to Financial Troubles"
The discount chain 99 Cents Only is closing all 371 of its stores in the US due to economic pressures, including the impact of the Covid-19 pandemic, shifting consumer demand, and inflationary pressures. The company's decision comes after experiencing a deficit and working with financial and legal advisers to maximize the value of its assets. This announcement follows Dollar Tree's plan to close nearly 1,000 Family Dollar stores, while Dollar General, the largest discount-chain company, continues to expand its presence.
