99 Cents Only Stores
99 Cents Only Stores (also branded as The 99 Store ) was an American price-point retailer chain based in Commerce, California, United States of America. It offered "a combination of closeout branded merchandise, general merchandise and fresh foods." The store initially offered all products for 99¢ or less. The base price became 99.99¢ in 2007 and products were later introduced at higher prices.
| Company type | Private |
|---|---|
| Industry | Discount, variety store |
| Founded | 1982 Los Angeles, California |
| Founder | Dave Gold |
| Defunct | 2024 |
| Headquarters | , United States |
Number of locations | 371 (at the announcement of its eventual closure) |
Area served | United States (locations in California, Texas, Arizona, and Nevada) |
Key people | Barry J. Feld, CEO
Mike Simoncic, Interim CEO Jesse Allen, COO Perry Pericleous, CFO |
| Revenue | $2.06 billion (2017) |
| $53 million (2017) | |
Net income | $118 million (2017) |
| Total assets | $662.87 million (2009) |
| Total equity | $523.85 million (2009) |
| Owner | Ares Management CPP Investment Board |
Number of employees | 14,000 (2024) |
| Website | 99only |
Founded by Dave Gold in 1982, the retailer chain has locations in California, Arizona, Nevada, and Texas. The company also operates Bargain Wholesale, which sells wholesale to retailers across the United States and exports to more than 15 countries from showrooms in Los Angeles. It also exhibits at trade shows in Las Vegas and Chicago. The company announced all stores would close beginning April 5, 2024 and culminate on June 3, 2024 due to financial hardship.