99 Cent Only Stores Shuttering all Locations, Citing Crime and Inflation as Key Factors
One of the first places I discovered when I moved to California in the late 1980s was the 99 Cents Only Store. One of my apartments was in walking distance of one, and I could buy a week’s groceries for $20. Those halcyon days are long gone, not just for me and others, but for the iconic 99 Cents Only Store. When the company had to raise their price point from $0.99 to $1.01 a few years back, you kind of got the sense they weren’t going to outrun this. It was finally the weight of inflation and the COVID pandemic that did them in.
Source: https://redstate.com/jenniferoo/2024/04/05/99-cent-only-stores-shuttering-all-locations-citing-crime-and-inflation-as-key-factors-n2172342
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